BSE: Sensex plunges 385 points during early trade Wednesday, May 31 2006 10:48 Hrs (IST) - World Time -
Mumbai:
Tracking global trends, the domestic stock markets also witnessed a crash, with the Bombay Stock Exchange's Sensitive index (Sensex) falling by nearly 385 points today (May 31, 2006) in early trade.
The BSE 30-share indexwhich had lost about 66 points yesterday, fell by another 384.98 points at 10,401.65 in the first five minutes of trading.
Similarly, the Nifty index on the wide-based National Stock Exchange was down by 140 points at 3045.30.
Marketmen said weakening global equity markets and overnight meltdown at the London Metal Exchange had a negative impact on the trading sentiments here, triggering increased selling by foreign funds.
The major losers were Infosys Technologies, Tata Steel, Reliance Industries, State Bank of India, Bajaj Auto, Tata Consultancy, ACC, Grasim Industries and ONGC.