Sensex crashes 514 points to 11,770 pts

Mumbai, May 15: The Bombay Stock Exchage(BSE) Sensitive Index(Sensex) crashed by more than 500 points to 11,770.76 points around 1515 hrs led by across the board selling, triggered by a meltdown in the global markets.

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

Sensex dipped to a intra-day low of 11,770.76 points falling by 514.35 points as compared to the last close of 12,285.11 points on Friday. Sensex provisionally closed 462 points down at 11,822 points at 1530 hrs.

The National Stock Exchange(NSE)S&P CNX Nifty index too plunged deep in the red by 167 points to a low of 3,482.85. Nifty provisionally closed 158 points down at 3,491 points.

Selling was much more pronounced in the metal scrips due to global commodity meltdown.

UNI