MUMBAI: Indices remained subdued on across the board selling pressure. Metals were the worth hit, followed by banks, realty and oil & gas.
The trouble began Thursday when French bank BNP Paribas froze three asset-backed securities funds saying it was no longer possible to 'fairly' value their holdings.
All European and US indices ended deep in the red, spreading the contagion to Asia and India today.
At 11:45 AM, Bombay Stock Exchange's Sensex was down 440 points or 2.91% at 14,660.06 and National Stock Exchange's Nifty 135 points or 3.07% lower at 4267.85.
Biggest Sensex losers were Reliance Communications (down 3.68%), HDFC (3.65%), Tata Steel (3.63%), Tata Consultancy Services (3.62%) and NTPC (3.57%).
There were no gainers on the 30-share Sensex. Market breadth showed 985 declines and 118 advances on NSE, and 1,756 and 521 respectively on BSE.
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