Indian Markets Plunge; BSE Sensex Down Over 300 Points

Indian stock markets were trading lower on Monday. The S&P BSE Sensex dropped 303 points, or 1.14 percent at 25,846. The 30-share index touched a high of 26,270.28 in morning trade. The Nifty50 fell 1.32 percent to 7967.50, after touching a high of 8,102.45 in morning trade.

The Indian rupee was trading almost flat at 68.13 versus the U.S. dollar on Monday.

Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) fell 1.15 percent to close at $42.25 on Friday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) dropped 0.11 percent to close at $18.83.

US stock markets closed lower overnight, with the Dow Jones Industrial Average dropping 0.19 percent, the S&P500 index declining 0.24 per cent, and the Nasdaq Composite falling 0.23 percent.

US WTI crude futures on the NYMEX gained 0.80 percent to trade at $46.73 per barrel.

Top market movers among the BSE index are as follows

• Elixir Capital Ltd. rose about 17 percent to 45.95 INR.
• Pankaj Piyush Trade & Investment Ltd. rose 13 percent to 55.75 INR.
• Krypton Industries Ltd. shares surged 13 percent to 15.50 INR.
• Mawana Sugars Ltd. shares gained around 13 percent to 48.25 INR.

• ACI Infocom Ltd. shares dropped around 18 percent to 6.06 INR.
• Delta Industrial Resources Ltd. fell around 12 percent to 44.00 INR.
• Sadhana Nitro Chem Ltd. slipped 12 percent to 22.45 INR.
• Jetking Infotrain Ltd. shares declined 12 percent to 42.00 INR.