MW: Sensex briefly down 9.6% in early trading, before recovering
By V. Phani Kumar
HONG KONG (MarketWatch) -- Indian stocks fell 9.6% in early Mumbai trading Friday, as investors shocked by the assault on regional markets and on Wall Street overnight rushed to dump shares. The Sensex fell as low as 10,239.76, before recovering slightly. The index was recently down 8.6% at 10,360.30, with all its 30 constituents in the red. ICICI Bank shares slumped 14.9%, while Infosys Technologies ) slumped 16.4% after the software major cut its annual earnings-per-share forecast.
