Indian shares plunged 5.73 percent on Friday, closing below the key 10,000-point level, their lowest in 28 months on fears company profits would be hit by the global financial crisis, dealers said. The 30-share Sensex slid 606.14 points to 9,975.35, a level last seen in June 2006 on heavy selling by overseas funds.
The Sensex has fallen for three straight days. "Investors are getting jittery that earnings growth could slow down in India," said Hiten Mehta, a fund manager at Fortune Financial Services.