Sensex dips below 13k level, sheds 117 points in early trade

Mumbai, Sept 29 : The Bombay Stock Exchange benchmark Sensex plunged below the 13k level and is now down 177 points at 12,925 in early trade this morning.

Reports of selling by funds triggered by weakening trend in other Asian stock markets were the cause behind this fall, said stock brokers.

Likewise, the National Stock Exchange's index Nifty fell by 49.95 points to 3,935.30.

With realty, IT and banking sectors suffering sharp losses, most of the heavy-weight stocks like DLF Ltd, State Bank of India, ICICI Bank, HDFC Bank, Infosys Technologies, Satyam Computers, Tata Consultancy Services, Wipro, ONGC, Sterlite Maruti Suzuki, Tata Steel, Bharti Airtel, , Reliance Infra, Reliance Communications and Ranbaxy.

ANI