Mumbai: The Bombay Stock Exchange benchmark Sensex crashed by more than 727 points in early trade on Wednesday on all-round selling by funds and retail investors triggered by weak global cues.
The BSE 30-share index, Sensex, which remained flat on Tuesday, fell by 727.15 points to 17,936.01 in the first five minutes of trade as all the heavy-weight stocks like Reliance Industries, Infosys and Tata Steel declined due to heavy selling by funds at existing lower levels.
The wide-based National Stock Exchange's index, Nifty, also tumbled by 226.85 points to 5,257.05.
Marketmen said trading sentiment turned bearish following a steep fall in the global stock markets.
Hong Kong's benchmark index Hang Seng moved down by over five per cent in early trade on Wednesday, pulled down by a sharp fall\ on Wall Street yesterday, they added.
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