Sensex tanks 888 points in early trade
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Monday plunged 888.40 points or 3.25 per cent during the morning session. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also plummeted 243.80 points or 2.94 per cent and was trading at 8,056.15 points.
The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 26,730.40 points, was trading at 26,477.67 points (at 9.16 a.m.) in the early session, down 888.40 points or 3.25 percent from the previous day?s close at 27,366.07 points. The Sensex touched a high of 26,730.40 points and a low of 26,359.53 points in the trade so far.
Rupee crashed to 66.49 against the US dollar in opening trade. Markets were in free fall over global growth concerns on Monday morning as Nifty reaches the below 8,000-mark.