The 30-share BSE benchmark Sensex tanked 1,154.78 points to 53,053.75 in early deals tracking weak global markets, persistent foreign fund outflows and a spurt in crude oil prices
Nifty is likely to go up to 16,180-16,400 levels during the week as all the technical parameters are in oversold zone and hint at a possible bounce
The broader markets were also weak with the BSE MidCap and SmallCap indices slumped up to 2 per cent.
Tata Steel, L&T, Maruti, Titan, M&M were among the major gainers, rising up to 1.2 per cent.
