Bombay Stocks Sink Again

The Sensex fell 14% in May.
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BOMBAY -- Indian stocks plunged again Wednesday, dropping 3.6% as emerging markets all over the world continue to get pounded.

The BSE Sensex fell 388 points to settle at 10,399. The index fell 14% in May, including a drop of more than 2000 points since its May 11 peak at 12,671.

Laggards on the BSE Sensex Wednesday were


, which shed 6.5%,


, down 5.9%, and

Tata Steel

, down 5.6%.

The lone gainer on the index was

Tata Motors

(TTM) - Get Report

, up 0.2%.


shed 2.1% after posting a flat yearly profit.

Dr. Reddy's Labs

(RDY) - Get Report

declined 1% after its fourth-quarter loss narrowed.

This story was created through a joint venture between and IRIS.