The Bombay Stock Exchange benchmark Sensex today suffered a deep plunge by losing nearly 627 points on frantic selling by funds because of a steep fall in global markets and investors booking profits.
The Sensex, which notched up nearly a 1.71% gain in the previous week, plunged by 626.71 points at 14,784.92. The index touched the day’s low of 14,740.63.
The National Stock Exchange (NSE) index Nifty lost 192.15 points at 4,387.90 as heavy-weights led by the realty sector showed hefty declines. The Nifty touched the day’s low of 4,374.60 points.
The stock market suffered losses following weak Asian markets as concerns grew that global economic recovery may be more difficult than expected.