By IANS,
Mumbai : Indian equity markets suffered huge losses by early Thursday afternoon, with metal, realty, power and capital goods stocks under heavy selling pressure.
At 12:30 p.m., the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was down by 666.50 points or 4.88 percent at 12,998.12, compared to its closing figure Wednesday. It had touched a low of 12,965.89 earlier.
At the same time, the broader based S&P CNX Nifty index of the National Stock Exchange was down by 188.00 points or 4.84 percent at 3,895.35.
The market breadth was negative. On BSE 574 shares advanced, 1,760 declined and 54 remained unchanged.