Markets plunge, Sensex sheds over 400 pts

Reuters Tags : stocks india, sensex, nifty Posted: Friday , Sep 26, 2008 at 1538 hrs Bangalore, September 26::

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The benchmark Sensex extended losses to 3 per cent on Friday afternoon, tracking a sell-off in overseas markets after the US government's $700 billion bank bailout plan stalled. Reliance Industries led the slide.

At 3:34 p.m., the benchmark 30-share BSE index was down 3.05 per cent, or 413.10 points, at 13,134.08, with all but three components falling.

The NSE index was down 2.91 per cent at 3,991.05.

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