Sensex plunges over 400 pts as rupee breaches 72.50 mark for first time ever
Global market sentiment turned weak after US President Donald Trump on Friday threatened tariffs on a further $267 billion worth of Chinese imports. While, Beijing warned of retaliation if the US goes ahead with any new measures.
The 30-share index dropped 418.39 points, or 1.09 per cent, to trade at percent3 at 1225 hrs.
The broader Nifty-50 index also trading lower below 11,500 market at 11,470.65, down 118.45 points, or 1.02 percent.
Heavy selling was witnessed in FMCG, telecom, consumer durables, finance, oil and gas, realty, power, metals, banks, energy, auto and utilities sectors.
Major losers were SBI, IndusInd Bank, Vedanta, Kotak Bank, Sun Pharma, RIL and HDFC falling up to 2.52 percent.
US stocks closed lower last Friday with the Dow Jones Industrial Average ending 0.31 percent lower.