Bombay Stocks Plunge

Bombay stocks plunged 3.6% Monday amid fears that conflict in the Middle East will scupper worldwide economic growth.

The Sensex fell 385 points to close at 10293.22, with all the 30 stocks in the Sensex declining.

The major losers on the index were Reliance Communications, which lost 7.8%, ONGC, which lost 7.2%, and Dr. Reddy's Laboratories ( RDY) which lost 5.9%.

The Indian two wheeler major Bajaj Auto has set up a joint venture company in Indonesia to assemble and sell three-wheelers and high-end motorcycles there. The stock declined 4.7%.

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

More from Stocks

Weak China Data, Starbucks, Adobe, Apple, Facebook - 5 Things You Must Know

Weak China Data, Starbucks, Adobe, Apple, Facebook - 5 Things You Must Know

What Is a Stop-Limit Order and When Should You Use It?

What Is a Stop-Limit Order and When Should You Use It?

Starbucks Shares Gain as Investor Day Highlights China Growth Ambitions

Starbucks Shares Gain as Investor Day Highlights China Growth Ambitions

Real Money Video Wrap: GE Jumps as Analysts Look to Price in Bottom

Real Money Video Wrap: GE Jumps as Analysts Look to Price in Bottom

Adobe Tops Q4 Sales Forecasts, Sees $11.1 Billion in 2019 Revenues

Adobe Tops Q4 Sales Forecasts, Sees $11.1 Billion in 2019 Revenues