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Mon, 29th Sep 2008  The Bombay Stock Exchange benchmark Sensex plunged by nearly 700 points at 1430 hrs today on heavy selling by funds, sparked by a weak global trend amid declining rupee.
The 30-share index, which commenced the day lower, tumbled further by 699.38 points to 12,402.80 at 1430 hrs.
The wide-based National Stock Exchange index Nifty dropped by 207.95 points, or over five per cent to 3,777.30 as most of the heavy-weight stocks led by realty, banking and technology sectors suffered sharp losses.
Marketmen said the Sensex set for its first annual decline since 2001 as bourses across the globe continued downward march.
Selling pressure surged following a weak Asian trend triggered by reports that the US financial crisis is affecting the European market, they said.  |
