Sensex plunges 185 pts in early trade

The benchmark index falls on selling by foreign funds and retail investors, triggered by weak global markets.

The Bombay Stock Exchange benchmark index, Sensex, fell by over 185 points in early trade on Tuesday on selling by foreign funds and retail investors triggered by weak global markets.

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The 30-share sensitive index (Sensex), which gained over 70 points on Monday, slid down by 185.08 points at 13,588.51 in the first five minutes of trade.

Similarly, the National Stock Exchange index Nifty fell by 57.35 points at 3,911.55.

Stock brokers said reports of weakening trends in global markets and rising crude oil prices, which again crossed USD 60 a barrel, dampened the trading sentiments here, triggering selling pressure.

The major losers, which dragged the Sensex down, were Infosys Technologies, Wipro, Satyam Computer, Tata Consultancy Services, Reliance Industries, Bajaj Auto, Maruti Udyog, Tata Motors, Dr Reddy's Lab, ACC, ICICI Bank and State Bank of India.