BSE Sensex falls below 13,000, Rel Comm plunges

Enlarge Photo A worker grabs a nozzle at a fuel station in Bangkok March 6, 2008. REUTERS/Sukree...

Tue, Jul 1 02:59 PM

BANGALORE (Reuters) - India's main share index fell below 13,000 points for the first time since April 2007 on Tuesday as investors dumped stocks on growing worries about high oil prices, rising inflation and political uncertainty.

India's No. 2 mobile operator Reliance Communications, which is in talks with South Africa's MTN Group for a possible business combination, fell as much as 10.9 percent to 394.10 rupees.

At 2:50 p.m., the 30-share BSE index was down 3.66 percent, or 492.08 points, at 12,969.52.

The 50-issue NSE index was down 3.78 percent at 3,887.85.

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