By IANS
Mumbai : A day after the Reserve Bank of India (RBI) announced its credit policy for 2007-08 the Indian stock market Wednesday plummeted by over 3.5 percent in the morning trade following a plunge in the global market.
While the Sensex fell by over 500 points, Nifty was down by 150 points. Some of the major losers that experienced a bloodbath are Bharti Airtel, Wipro, ITC, SAIL, ACC, HCL Tech, Hexaware, Pantaloon, Reliance Communications across a number of verticals.
The Asian markets, following a weaker Wall Street, took a plunge with the indices falling to over four percent riding on concerns of subprime mortgages and US credit markets as well as global crude oil prices which are close to hit a record high, experts said.
Â
SUPPORT TWOCIRCLES
HELP SUPPORT INDEPENDENT AND NON-PROFIT MEDIA. DONATE HERE