Sensex down more than 500 points
Posted on: 05/Aug/2011 1:40:31 AM
Indian shares fell 3.09 percent in early trade on Friday, joining a slide across global markets triggered by worries over the US economy and the European debt crisis.
The benchmark 30-share Sensex index on the Bombay Stock Exchange dropped 545 points to a day`s low of 17,147 in morning trade. Nifty lost 163 points in the afternoon.
Infrastructure, property, banking and metal stocks were hardest hit, with rising interest rates and input costs adding to selling pressure.
Japan`s Nikkei share average fell 3.6 percent to the lowest since the week following the country`s massive earthquake and tsunami in March. The trend in other Asian markets like Korea, Honk Kong and Singapore also in downwards.
