Mumbai: The BSE Sensex shed more than 300 points intraday - its biggest drop in a month - in late trade on Monday. Eurozone worries and depreciating rupee took a heavy toll on the indexes. The NSE Nifty fell below the 5200 level intraday due to sharp downtrend in banks, technology, metals, auto, telecom and capital goods stocks. However, index heavyweights Reliance Industries (post Q4 earnings) and ONGC outperformed other heavyweights, gaining 0.64 per cent and 0.7 per cent, respectively.
The BSE benchmark lost 277.16 points or 1.60 per cent to close at 17,096.68 with 25 stocks staying in the red zone. The NSE benchmark was down 90.25 points or 1.71 per cent at 5,200.60 after hitting an intraday low of 5,187.15.
Political uncertainty in France and Netherlands, coupled with weak economic data from Germany and France, sent European stocks down. In the first round of presidential elections in France, opposition candidate Francois Hollande was leading with 28.8 per cent votes followed by Nicolas Sarkozy with 26.1 per cent votes.
France's CAC was down 1.9 per cent and Britain's FTSE slipped 1.5 per cent while Germany's DAX tanked 2.53%. Even the Dow Jones futures went down 115 points.
Back home, the Indian rupee was trading at 52.49 to the dollar, down 42 paise. It touched an intraday low of 52.55 a dollar.
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