Mumbai: The SENSEX opened weak and later dipped below 3,200-level in line with continued downslide inequities at early stages on Bombay Stock Exchange (BSE) on July 22 in the wake of heavy sell-off triggered by weak trend in global markets.

Reacting to a fresh sharp fall on Wall Street and London stock market last weekend that followed heavy selling pressure in stocks in South East Asian markets on the morning of July 22, investors were seen unloading in majority stocks. Market sources said the sentiment has been adversely affected by the global gloom.

Though brokers have believed to have ruled out further impact on Indian bourses from the depressed US markets that continued to create ripples across the world, market sources attributed the global gloom to renewed sell-off by investors.

Among the top losers, United Phosp were quoted down by 6.52 per cent, GSFC by 6.02 per cent, Nocil by 5.94 per cent, Hughes Software by 5.72 per cent, Kesoram by 5.19 per cent, Trigyn Tech by 5.17 per cent, Crompton Greaves by 5.15 per cent, Indian Hotel by 5.12 per cent and L&T by 5.11 per cent. However, key stocks like Hindalco, HLL, MTNL and BSES showed marginal gains.

PTI