Mumbai, May 17 (Inditop.com) Indian equities markets continued to be depressed in afternoon trade Monday, after falling sharply in the morning, taking cues from a global sell-off triggered by fears that the Euro zone financial woes could derail economic recovery.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,961.92 points, was ruling at 16,642.15 points, 352.45 points or 2.07 percent down from its previous close at 16,994.6 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 4,997.05 points, down 1.89 percent from its previous close.
Selling pressure intensified in broader markets with the BSE midcap index ruling 1.7 percent lower and the BSE smallcap index 2 percent down.
Realty, IT energy, and banking scrips were facing bulk of the selling pressure, with all 13 of the sectoral indices on the BSE in the red.
Asian markets were experiencing major sell-off with investors wary of the fallout of the European financial crisis.
Hong Kong’s Hang Seng was ruling 2.42 percent lower at 19,657.65 points, while the Chinese Shanghai Composite index lost a whopping 5.07 percent to rule at 2,559.93 points.
The Japanese Nikkei shut shop 2.17 percent down at 10,235.76 points. The South Korean Kospi ended 2.6 percent lower at 1,651.51 points.
