Sensex crashes 298 pts; Europe down 2% on political crisis

14:28

Moneycontrol Bureau
Live Market Commentary
Equity benchmarks fell 1.5 percent in afternoon trade Wednesday on weak global cues and sharp rupee depreciation. Profit booking may also be the reason as the Sensex had rallied more than 1000 points from June 27 to July 1.

The BSE Sensex is down 298.53 points or 1.53  percent at 19165.29, and the Nifty is down 93 points or 1.59 percent at 5764.55. Two shares declined for every share advancing on the Bombay Stock Exchange.

European markets are down 1.5-2 percent as fears grew over a political crisis playing out in Portugal and as an ultimatum for Greece on its debt financing drew closer, reports CNBC.com.

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