Sensex falls by 500 points

Updated at 4 pm

MUMBAI: The Bombay Stock Exchage Sensitive Index (Sensex) crashed by more than 500 points to 11,770.76 points around 3.15 pm, led by across the board selling, triggered by a meltdown in the global markets.

All European and emerging markets too were down, which had a cascading effect on Indian markets, said an analyst.

The Sensex provisionally closed 462 points down at 11,822 points at 3.30 pm.

The National Stock Exchange S&P CNX Nifty index too plunged deep in the red by 167 points to a low of 3,482.85. The Nifty provisionally closed 158 points down at 3,491 points.
   
Selling was much more pronounced in the metal scrips due to the global commodity meltdown.