Indian shares market crashes

Updated at: 1437 PST, Monday, October 27, 2008 MUMBAI: Indian shares fell ten percent on Monday afternoon to below the psychological 8,000-point level, as overseas funds and individuals sold heavily on fears of a worldwide recession, dealers said. The benchmark 30-share Sensex fell 933.86 points or 10.73 percent to 7,767.21 intra-day Monday, its lowest level since November 2, 2005. The markets have fallen more than 20 percent in just two trading days as overseas funds are pulling out their money from emerging markets like India to move to safer havens.