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Markets open in red as Sensex plunges

Asian markets were trading lower in morning trade today in the wake of a sharp sell-off on Wall Street.

News18test sharma |

Updated:March 14, 2007, 10:09 AM IST
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Markets open in red as Sensex plunges
Asian markets were trading lower in morning trade today in the wake of a sharp sell-off on Wall Street.

Mumbai: The Sensex opened with sharp decline on Wednesday, declining by over 450 points in early trade on Bombay Stock Exchange.

All Sensex stocks opened in red with heavy losses, as there was panic selling across the board. At 9.57 am, Sensex was down 453 points at 12529 and Nifty was down 134 points at 3636. Major gainers in the opening trade were Rel Comm, Reliance, Satyam, ACC, Guj Ambuja, Infosys.

Asian markets

Asian markets were trading lower in morning trade today in the wake of a sharp sell-off on Wall Street and a strengthening of the yen against major currencies. Japan's Nikkei plunged 2.98% or 512.04 points at 16,666.80, Singapore's Straits Times fell 2.78% or 87.82 points at 3,071.08, South Korea's Seoul Composite was down 2.06% or 29.63 points at 1,406.42, Taiwan's Taiwan Weighted tumbled 1.51% or 116.03 points at 7,567.97 and Hong Kong's Hang Seng slipped 0.56% or 109.28 points at 19,333.14.

US markets

Stocks plunged yesterday, driving the Dow Jones industrials down more than 240 points to their second-biggest drop in almost four years, as troubles piled up for sub-prime lenders.

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