Mumbai, August 07: The Bombay Stock Exchange benchmark Sensex tumbled over 313 points at midsession on Friday on heavy selling by funds in heavyweight stocks following weakening trends at Asian markets and a lower start in European markets.
The Sensex, which had lost 390 points in yesterday’s trading, fell further by 313.68 points at 15,200.35 at 1.15 pm as all the sectoral indices traded in the red.
The 50-share National Stock Exchange index Nifty went below the crucial 4,500 point level by losing 95.00 points at 4,490.50.
Marketmen said sentiment dampened following a weakening trend in Asia and a lower start at Europe as investors awaited a key US jobs report amid worries that markets may be getting ahead of fundamentals.
They said reports of India’s monsoon rains — crucial for the country’s domestic demand-led economy — being a third of the normal in the previous seven days also weighed on sentiment.
–PTI