Sensex tumbles 400 points, Nifty falls below 10,900

New Delhi

The stock market benchmark S&P BSE Sensex tumbled over 400 points in early morning trade on Tuesday, as investors reacted to the lower GDP growth rate numbers.

Gross domestic product (GDP) grew 5% in the first quarter of FY20, data released by the government showed, marking the slowest growth since the fourth quarter of FY13. 

GDP growth was 8% in the year-earlier quarter and 5.8% in the preceding one. China’s economy grew 6.2% in the June quarter. 

At 10.20 am, the Sensex was down 426 points at 36,905. The benchmark Sensex opened at 37,181.76 from its previous close of 37,332.79.

The broader Nifty was down 130 points or 1.18 per cent lower at 10,893.25.