The Bombay Stock Exchange benchmark Sensex on Wednesday plummeted by over 723 points in pre-close trading on major sell-off by funds as well as retail investors, taking cues from melting global markets.
The 30-share Sensex nosedived by 723.10 points, or 6.40 per cent, to 10,760.30 at 1515 hrs, while the wide-based Nifty was down by 194.10 points, or 5.25 per cent at 3,324.55 as all the index-linked stocks traded lower.
Selling pressure gathered momentum after the London Stock Exchange's FTSE fell sharply by over 3 per cent in opening trade and Hong Kong's Hang Seng index sank by over 4 per cent.
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