By IANS
Mumbai : Indian stock markets opened with a huge cut Monday in line with global trends. Asian markets plummeted along with US markets as credit worries persist in the US economy.
Shortly after opening, the benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 448 points at 18,459 and the broader S&P CNX Nifty of the National Stock Exchange (NSE) was down 142 points at 5,520.
Asian markets were trading very feeble. Hong Kong’s Hang Seng plunged 3.06 percent or 881.85 points at 27,901.56, Japan’s Nikkei fell 2.4 percent or 374.64 points at 15,208.78, Taiwan’s Taiwan Weighted tumbled 2.91 percent or 260.80 points at 8,710.12, Singapore’s Straits Times declined 2.72 percent or 97.85 points at 3,501.82 and South Korea’s Seoul Composite was down 3.04 percent or 60.54 points at 1,929.93.
Top gainers on the Sensex were ITC at Rs.172.15 up 1.92 percent, Satyam at Rs.432.45 up 1.29 percent and HUL at Rs.195 up 0.91 percent.
Top losers on the Sensex were Reliance Communication at Rs.674.45 down 4.95 percent, BHEL at Rs.2,650 down 4.49 percent and Hindalco at Rs.193.20 down 4.45 percent.