By IANS
Mumbai : A key Indian market index shed more than 525 points during intra-day trading Friday on top of a 640-point drop a day earlier, as investors’ mood took a beating due to the global meltdown, especially in the US and Japan.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) fell below the crucial 13,000 points at 13,779.88 points, before rising to 13,831.79 points a little after noon to register an overall loss of 526.42 points or 3.67 percent.
All the 30 shares that form the basket of Sensex stocks were trading in the red.
The benchmark index had closed Thursday at 14,358.21, down 642.70 points or 4.3 percent, after depressing reports resurfaced about a slowdown in the economic recovery in the US.
The current crash in the global stock markets is being caused by the turmoil in the credit and mortgage market in the US.