New York  - US stocks tumbled Monday amid concerns over the fate of the struggling car industry, which will be given a last chance to restructure operations or lose government support.

President Barack Obama said that General Motors Corp and Chrysler LLC had so far failed to prove that they can survive. He called for a series of changes in the two companies' outdated business models and forced out long-time GM chief executive Rick Wagoner.

The Bombay Stock Exchange saw a 10 percent rise in the stocks of fertilizer companies today, following the March 27 gas sales and transportation contracts between Reliance Industries (RIL) and 12 fertilizer firms, who would receive the first produce from RIL's eastern offshore KG-D6 (Krishna Godavari-Dhirubhai 6) fields.

Opening with a negative gap of 146 points at 9,902 on Monday, the Sensex nosedived more than 450 points, as traders cast off frontier banking, metals and realty space. A week back, the Sensex had leaped over 12 percent; and due to a rise in stock market rally - kicking off from the US affecting markets the world over - the Sensex rose more than 23 per cent in the past twelve trading sessions.

Continued selling pressure seen across frontline stocks dragged the Sensex deep into the negative terrain.
 
Banking, realty and metal stocks remained under huge pressure.

Amongst the sectoral indices, BSE Bankex and Realty lost more than 5% each, Metal fell 4.87% and IT dropped 3.37%.

Some selling also emerged in the broader markets. BSE Midcap Index was down 0.64% while BSE Smallcap Index moved 0.24 per cent lower.

Today, (Monday, March 30), the 30-share index, BSE Sensex belled the week at 9,902.35 after losing 146.14 points.

Seoul  - Shares ended sharply down Monday on

New Delhi  - Indian stock markets slipped into the red in morning trade on Monday with the benchmark Sensex index trading about 3.5 per cent lower than its previous close.

The 30-share sensitive Sensex index of the Bombay Stock Exchange was trading at 9,698 points at 12:20 pm (0650 GMT) 350.49 points lower than its 10,048.49 point close on Friday.

The Sensex had gained 1,081.81 points or 12.06 per cent during a five-day long bull run last week.