Global cues drag Sensex down 360 pts

MUMBAI: The market opened sharply lower Monday following global weakness. Realty, capital goods stocks were worst hit.

At 10:10 am, National Stock Exchange's Nifty was down 105 points or 2.4% at 4295.70. The 50-share had slipped to a low of 4267.15.

Bombay Stock Exchange's Sensex was at 14,797.04, lower by 341 points or 2.25%. The benchmark index had sunk to a low of 14705 earlier.

HDFC Bank, down 3.67%, was the biggest Sensex loser as the market turned weak. Hindalco (down 3.6%), ACC (3.57%), ICICI Bank (3.33%), Reliance Energy (3.25%) and Reliance Communications (3.21%) were the other losers.

None of the stocks in the 30-share index made it to the list of gainers due to the severity of the fall.

Market breadth showed 836 declines and 91 advances on NSE, while BSE saw 1254 losers and 392 gainers.