Sensex slumps 1,089 points; banking, metal stocks dip

Mumbai (Maharashtra) [India], May 12 (ANI): The Indian stock markets' key indices, Sensex and Nifty, slumped by more than two per cent on Thursday dragged by heavy selling pressure in banking and metal stocks as high US inflation data dampened investors' confidence.

The 30 stock SP BSE Sensex was trading 1089.11 points or 2.01 per cent down at 52,999.28 points at 12.53 pm, against its previous day's close at 54,088.39 poi