Sensex bloodbath: Trading below 15000 points
Amid rising crude prices and inflation, the stock market today plunged by over 650 points in early trade on selling in heavy-weight stocks.
The Bombay Stock Exchange benchmark index, Sensex, was trading below 15000 mark in the first half hours of trade of trade in line with weakening global markets. The wide-based National Stock Exchange index's Nifty dipped below 4,500 points level by losing around 190 points.Marketmen said reports of weakening trends in global stock markets on concerns rising crude oil prices, which had surged to all time high of USD 139.12 a dollar per barrel on Friday and an increase in US unemployment rate mainly dampened the trading sentiments here.
In the US, Dow Jones Industrial Average plunged 3.13 per cent while the tech-heavy Nasdaq composite fell 2.96 per cent. Asian markets were also in negative zone. Singapore shares were trading about 2 per cent down while Japan's Nikkei-225 index fell more than 2 per cent in early trade. (With inputs from PTI)