Sensex falls 432 pts in early trade

The benchmark 30-share index falls 2.85% within minutes of opening trade led by weak global markets.

The benchmark Sensex on Monday slipped more than 432 points in early trade on heavy selling by funds, triggered by weak global trend.

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The BSE-30 share index, Sensex, which had gained 152.70 points in the previous trading session, crashed 432.82 points at 14,705.58 in the first five minutes of trading.

The wide-based National Stock Exchange's Nifty dropped 120.85 points at 4,267.15.

Market observers said meltdown on the global markets mainly triggered major sell-off on the domestic bourses, dragging the Sensex down sharply.

Most heavy-weight stocks on the indices were in the red with sizeable losses.