MUMBAI: Key indices opened sharply lower Wednesday in reaction to Securities and Exchange Board of India’s clampdown on participatory notes to arrest the gush of foreign inflows into the system.
At 9:57 am, Bombay Stock Exchange’s Sensex plummeted 1743.96 points or 9.15 per cent to 17,307.90. National Stock Exchange’s Nifty slipped 524 points or 9.25 per cent to 5143.90.
Reliance Energy was (down 17.98%), Reliance Communication (15.86%), ICICI Bank (11.82%), NTPC (11.78%), BHEL (11.72%), Reliance Industries (11.26%), ACC (11.10%), Larsen&Toubro (10.33%), HDFC Bank (10.28%) and Tata Steel (10.15%) pressured the indices lower. There were no gainers in the 30-share index.
Trading has been suspended for an hour and will resume at 10:55 am.
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