Indian stock markets are still under huge pressure because of turmoil in worldwide markets. 

Sharp Decline in Indian currency and disappointing IIP numbers also dragged the Sensex down. Indian rupee fell to a six-year low against the dollar as weak stock markets impelled investors to retrieve their funds from the markets. 

After falling 1.68% on Wednesday to Rs 48.375, the partially convertible rupee stood at Rs 49.19 a dollar today.

Indian equities crashed during the early trading hours as credit crisis deteriorated, which sent the benchmark indices Sensex and Nifty down by 9.5% and 9% to 10,239.76 and 3198.95 respectively.

Today, the 30-share index, BSE Sensex opened negatively at 10,632.27 after losing 696.09 points. In the previous day session, the Sensex closed with a loss of 366.88 points.

Asian stocks tumbled, forcing Japan’s Nikkei 225 Stock Average down on worry that the deepening credit disaster will push the worldwide financial system into depression.

Manila - Philippine shares plunged 8.33 per cent on Friday in a sell-off triggered by continued decline in stock markets around the world.

The Philippine Stock Exchange 30-share composite index lost 190.64 points to close at 2,097.80 from Thursday's finish of 2,288.44.

A total of 2.74 billion shares valued at 3.02 billion pesos (64.25 million dollars) were traded.

Losers swamped gainers, 135 to 7, with 12 issues unchanged.

Jakarta - The Indonesian Stock Exchange suspended trading in its morning session Friday for the second consecutive trading day amid sharp falls on global markets.

The market announced on its website that "the equities and derivative trading for session I on October 10 is suspended" due to the indices' sharp declines at bourses across the world.

Erry Firmansyah, the market president, told Elshinta private radio programme that it was "impossible for us to resume trading" after Friday's plunges on Asian markets as well as steep losses on Wall Street overnight.

Hong Kong - Hong Kong stocks plunged by 8 per cent to below 15,000 points in early trading Friday as fears over a global economic meltdown heightened.

After the first half hour of trading Friday morning, the blue-chip Hang Seng Index was down 7.97 per cent, or 1,270.29 points at 14,672.95 points. It was earlier down more than 8 per cent.

The sell-off followed a minor rally in stock prices Thursday when the Hang Seng Index rebounded by more than 3 per cent following successive interest rate cuts.

New York - US stocks plummeted again on Thursday and the Dow Jones Industrial Average dropped below 9,000 points for the first time in five years, as a series of US and global efforts to tackle the financial crisis have failed to calm investors.

Both the blue-chip Dow and broader Standard & Poor's 500 tumbled more than 7 per cent. The Dow has now lost more than 35 per cent of its value since reaching all-time highs above 14,000 one year ago. The S&P's seven straight days of losses mark the longest downward streak since 1996.