Sensex drops over 300 pts, Nifty tests 17,700 level; YES Bank jumps 6%

Sensex declined for the third day in a row on Thursday, tumbling 354.54 points in early trade as profit-taking in HDFC twins and weak global equities continued to drag down the benchmark index. The 30-share Sensex slumped 354.54 points lower to 59,255.87 points while the broader Nifty 50 fell 91.35 points to 17,716.30 points.