Asian stocks dropped and government bonds rose on Friday after shares plunged on Wall Street and oil prices shot above $140 a barrel, aggravating investors' fears of high inflation and slowing economic growth.
All but 15 of the 225 stocks on Japan's Nikkei share average were declining, with the overall index down 2.2 percent
At 1 p.m., the Sensex, which had gained 325 points in last two trading session, was quoted at 14,046.63, down 375.19 points led by blue chips such as Reliance Industries and Infosys.
Earlier, the Sensex lost 612 points or 4.25 per cent to dip below the 14k level touching a low of 13,784.37 on heavy selling by funds tracking weak global cues.
All but 15 of the 225 stocks on Japan's Nikkei share average were declining, with the overall index down 2.2 percent
At 1 p.m., the Sensex, which had gained 325 points in last two trading session, was quoted at 14,046.63, down 375.19 points led by blue chips such as Reliance Industries and Infosys.
Earlier, the Sensex lost 612 points or 4.25 per cent to dip below the 14k level touching a low of 13,784.37 on heavy selling by funds tracking weak global cues.
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