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The BSE benchmark sensex plunged by over 526 points on Thursday, its biggest fall in nearly two years, to end at 18,719.29 due to massive selling on worries that capital inflows may dry up if US Fed's sticks to its plan of slowing down monetary stimulus later this year.
The stock markets were also under heavy pressure after rupee touched life-time low of 59.93 against the dollar.
Sensex tumbled 526.41 points to 18,719.29, recording biggest single day fall since September 2011. Across market, over 1,650 stocks fell and just 650 rose. Investor wealth worth Rs 1.5 lakh crore was eroded on Thursday.
The broad-based National Stock Exchange index Nifty dipped below 5,700 level by losing 166.35 to close at 5,655.90 .
The stock markets were also under heavy pressure after rupee touched life-time low of 59.93 against the dollar.
Sensex tumbled 526.41 points to 18,719.29, recording biggest single day fall since September 2011. Across market, over 1,650 stocks fell and just 650 rose. Investor wealth worth Rs 1.5 lakh crore was eroded on Thursday.
The broad-based National Stock Exchange index Nifty dipped below 5,700 level by losing 166.35 to close at 5,655.90 .
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