Markets have seen sharp cuts, swiveling down the benchmark indices. The global markets are experiencing a similar downturn. The US Markets had a disastrous session of trade yesterday. The Dow Jones industrial average plummeted 513 points, or 4 percent, Thursday on fears about the U.S. economy and the debt crisis in Europe. Asian indices are also plummeting down. The Nikkei index is down by over 3.5% while the Hang Seng is down by 4.75%.
At 9:54 AM, the Nifty has seen a cut of over 120 pts, to stand at 5210. down by 2.3%.
Many stocks have plunged, with cuts ranging from 4-5%.
Guj NRE Coke is down by 10%.
Index heavyweight RIL is down by 2.7%.