Sensex falls over 325 pts on weak global cues

DN Bureau

The benchmark BSE Sensex plunged over 325 points and slipped below the 38,000-mark in early trade Monday, in tandem with weak global cues and depreciating rupee.

Representational image
Representational image

Mumbai: The benchmark BSE Sensex plunged over 325 points and slipped below the 38,000-mark in early trade Monday, in tandem with weak global cues and depreciating rupee.

The 30-share index, which had lost 222.14 points on Friday, was trading lower by 325.49 points, or 0.85 per cent, at 37,845.24.

Similarly, the NSE Nifty fell 103.90 points, or 0.78 per cent, to 11,353 after hitting a low of 11,342.90.

Global cues turned weak tracking Friday's sell-off on the Wall Street after a weak manufacturing data from the US and Europe raised fears of an economic slowdown.

The US Dow Jones Industrial Average had ended 1.77 per cent lower on Friday. (PTI)

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