Today, the S&P BSE Sensex plunged as much as 276 points in morning trade , led by losses in ICICI Bank, RIL, HDFC Bank, Infosys and SBI.Today, Nifty-50 slided down its crucial level of 7,400 in trade weighed down by losses in realty, power, capital goods, oil & gas, and banking stocks.
The broader markets went down in line with becnhamrk indices with BSE midcap and smallcap indices falling 1.34 & 1.3 per-cent.
Sliding for the 3rd consecutive session, the INR(rupee) depreciated 22 paise to 68.20 as compared the USD in early trade on Wed, as a sharp plunge in mcx crude prices overseas increased investors' risk aversion to riskier assets.
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