Indian equities crash on weak global cues (Lead)

October 27th, 2008 - 2:35 pm ICT by IANS  

SensexMumbai, Oct 27 (IANS) A key Indian equities index fell below the 8,000-point mark as the bear hug continued Monday on the back of overall panic and weak global cues.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened lower at 8,599.58 points and moved up to 8,739.48 points, some 15 minutes into trading. But nervousness set in soon after, and pulled the index down to 7,985.07 points 45 minutes post noon.

At that level, the 30-share bellwether index was ruling at a loss of 715.64 points, or 8.22 percent.

At the National Stock Exchange (NSE), the broader S&P CNX Nifty was ruling at 2335.75 points, with a loss of 9.61 percent.

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