By IANS
Mumbai : Indian stocks crashed by more than 500 points at the opening bell Thursday after the Independence Day holiday, in empathy with a global stock market meltdown.
The benchmark 30-share Sensex of the Bombay Stock Exchange (BSE) opened more than 500 points lower than Tuesday’s close and almost immediately went down further before staging a partial recovery, all within the first half hour of trading.
The Sensex opened 14,584.92, which was 587.25 points lower than Tuesday’s close of 15,000.91. Within a few minutes, it hit a low of 14,347.89, more than 650 points lower than Tuesday’s close. Then it staged a partial recovery, and had reached 14,416.35 about 30 minutes after the opening.
All the major stocks were reported to be running in the red. The other stock market benchmark, Nifty of the National Stock Exchange (NSE) had also opened more than 200 points below Tuesday’s closing figure.