Mumbai, The benchmark index of Bombay Stock Exchange (BSE) crashed on Monday by 641 points to 38,872.35 till 1300 hrs following heavy losses in Maruti Suzuki, Hero Honda, SBI and ONGC
amid heavy selloff in global equities.
The Nifty of National Stock Exchange (NSE) too dropped by 221 points to 11,589.85. The government's move to tax share buybacks and and increase minimum public shareholding in listed companies also disappointed investors.
Rising US-Iran tension putting crude oil prices under pressure are also impacted on the Indian equity market.
Sliding Indian currency also put the market under pressure, broker informed. The day opened on a negative note at 39,476.38 declining by 37 points. Later, it tumbled down and registered day's low at 38,848.54, sliding by 665 points.
The sectoral indices include Realty and Capital Goods were worst hit, fell by more than 3 per cent followed by Bankex, Auto, Finance and Consumer Discretionarly Goods and Services fell by more than 2 per cent.
In scrips, Bajaj Finace top loser, down by 8.34 per cent to Rs 3408.85. ONGC by 5.46pc to Rs 152.45, Maruti Suzuki by 5.23 pc to Rs 6032, Hero Moto Corp by 4.51 pc to Rs 2400.20 and SBI by 4.41 pc to Rs 354.25.