Sensex plummets on opening, down 411 points

Mumbai, Nov 27 ( A key Indian equities index nosedived soon after the opening bell Friday and was about 411 points down just 10 minutes into trade.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened the day at 16,718.8 points, against Thursday’s close at 16,854.93 points. It soon slipped to 16,443.74 points, down 2.44 percent or 411.19 points.

Around the same time, at the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 4,871.4 points, against the previous close at 5,005.55 points, a loss of 2.68 percent.

Broader market indices were also in the red with the BSE midcap index down 3.02 percent and the BSE small cap index ruling 2.85 percent lower.