3-month low: sensex tanks below 16K

The Sensex plunged 434 points on Friday as stock markets across the world plummeted amid mounting fears of a sovereign debt crisis in countries like Greece and Portugal, while gloomy employment data from the US suggested the global economic recovery could take longer than expected.

The Sensex plunged 434 points on Friday as stock markets across the world plummeted amid mounting fears of a sovereign debt crisis in countries like Greece and Portugal, while gloomy employment data from the US suggested the global economic recovery could take longer than expected.

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The 30-share benchmark index of the Bombay Stock Exchange fell 2.68 per cent to end at 15,790.93 points. The 50-share National Stock Exchange’s Nifty ended down 2.61 per cent at 4,718.65 points. The Sensex sank below the 16,000 level after more than three months.