Stock Market: Sensex plunges 388 points, Nifty tumbles to 17,530

The Sensex and the Nifty today fell more than half a percent. Both stock indices declined for the second session in a row amid negative cues from global markets. The BSE Sensex closed below the 58,600 mark while the NSE Nifty ended below 17,550 level.

The Sensex plunged 388 points, or 0.66 percent to finish at 58,576. The Nifty also tumbled 145 points, or 0.82 percent, to settle at 17,530.

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