India's share prices slumped 3.4 percent on Friday as global markets fell on troubling economic data in the United States and Britain, raising fresh concerns over sluggish growth. The benchmark 30-share Sensex index fell 502.07 points or 3.4 percent to 14,274.94, its second straight day of losses.
"Weak global markets caused the sell-off. The news of terror attacks in IT hub Bangalore also hit sentiment," said Manoj Kakaiya, a dealer with ULJK Securities. India's high-technology capital Bangalore was hit by five suspected bomb blasts Friday with at least one person killed and several injured, police said. Investors locked in gains after the markets had risen nearly 19 percent to Wednesday following the government's win in a parliamentary confidence vote, which boosted its economic reform agenda.
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