BSE suspends trading as Sensex falls by 1,743 pts
The stock market benchmark Sensex on Wednesday crashed by 1,743 points within minutes of opening, prompting suspension of trade for an hour a fallout of regulator Sebi's move to curb Foreign Institutional Investors.
The 30-share index, Sensex, tumbled to 17,307.90, a fall never seen before. The fall forced the trading to be suspended for one hour on BSE.
The fall comes days after Finance Minister P Chidambaram expressed surprise at rising stock prices and hoped for things to cool down.
The National Stock Exchange's wide-based index Nifty also plunged 9.25 per cent to 5,658.90 points on Wednesday.