The BSE benchmark Sensex on Monday suffered most in one month by losing nearly 627 points on frantic selling by funds because of a steep fall in global markets and investors booking profits.
The Sensex, which notched up nearly a 1.71 percent gain in the previous week, plunged by 626.71 points at 14,784.92, the biggest fall since 6th July, the day the Budget was presented.
The index touched the day's low of 14,740.63. All the Sensex stocks closed with moderate to notable losses.
Similarly, the wide-based National Stock Exchange index Nifty lost 192.15 points at 4,387.90 as heavy-weights led by the realty sector showed hefty declines. The Nifty touched the day's low of 4,374.60 points.
Marketmen said the bourse tumbled here tailing weak Asian peers as concerns grew that global economic recovery may be more difficult than expected after data showed US consumer confidence fell to its lowest since March.
They said the selling wave was so strong that almost all sectoral indices showed biggest fall in recent times.
Market sentiment turned bearish also on reports of an international agency saying the stocks might decline up to 15 percent on concerns that lower monsoon rain would slash farm output and cut consumer spending.
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