The stock markets crashed more than 677 points in opening trade today on all-round selling by funds as well as retail investors triggered by melt down in global markets.
Selling pressure also gathered momentum ahead of general budget.
The BSE-30 share benchmark Sensex which had lost over 1200 points since February 9, tumbled 677.92 points, or almost 5 per cent at 12,800 points in the first five minutes of trade.
Similarly, the nifty index on the wide-based National Stock Exchange dipped by 219.05 points to 3,674.85.
Stock brokers said melt down on the global stock markets, triggered panic selling by funds here.
All the BSE-30 and NSE-50 shares were in the negative zone with steep falls.