Sensex plunges 163.85 points amid weak global markets

MUMBAI: The Bombay Stock Exchange (BSE) Sensex opened the morning session in a weak note and the Indian markets were trading down nearly 1 per cent in the first hour of the trading session on sluggish trend in the global markets.

At 9.50 AM, the 30-share BSE index Sensex was trading down 163.85 points or 1.00 per cent at 16,148.30 and the broader 50-share National Stock Exchange (NSE) index Nifty falls 47.95 points or 0.97 per cent at 4,902.80.

The Indian markets were pressurised by the indications of the European debt crisis which demoralised the investors on the world economy.

The Asian and American markets plunged by around 1.5 per cent each and the European markets were down by around 2 per cent each.

The top three gainers on the BSE are Hindalco, GAIL and Jindal Steel, while Tata Motors, ICICI Bank and Maruti were the top three losers.