Sensex plunges 444 points in early trade
The 30-share index, which had gained over 430 points in the past two sessions, falls by 443.95 points to 13,082.04 in the first five minutes of trade.business Updated: Jul 08, 2008 12:23 IST
The Bombay Stock Exchange benchmark Sensex lost 444 points in early trade on Tuesday on heavy selling by funds in heavy-weight stocks led by Reliance Industries, Infosys Technologies among others.
The 30-share index, which had gained over 430 points in the past two sessions, fell by 443.95 points to 13,082.04 in the first five minutes of trade.
The wide-based National Stock Exchange index's Nifty lost 133.95 points to dip below the 3,900 level at 3,896.05.
Marketmen said trading sentiments turned bearish ahead of crucial meeting of left parties to decide withdrawal of support to the ruling UPA government.
They said a hefty fall on the leading Asian bourses, particularly, Japan and Hong Kong, too cast shadow on the the domestic bourses in Mumbai.
Major losers, which dragged the Sensex down were Reliance Industries, Rcom, Reliance Infra, Infosys Technologies, State Bank of India, ICICI Bank, HDFC LTd, HDFC Bank, Grasim Industries, Bharti Airtel, Larsen and Toubro, Maruti, ONGC and Tata Steel.