Markets fall sharply in early trade; Sensex tumbles 817 points
India TV NewsHighlights Elsewhere in Asia, markets in Seoul, Tokyo and Shanghai were trading lower Hong Kong quoted marginally higher The US markets ended in the negative territory on Friday Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows. Falling for the fourth day running on Monday, the 30-share BSE Sensex tanked 816.72 points to 57,282.20 points in the initial trade. Elsewhere in Asia, markets in Seoul, Tokyo and Shanghai were trading lower while Hong Kong quoted marginally higher. "Although India is seen as a bright spot in times of global slowdown concerns, domestic markets will not be completely insulated from overseas turmoil and would continue to see bouts of intra-day volatility," Prashanth Tapse, Research Analyst, Senior VP at Mehta Equities Ltd, said.