Mumbai, June 27
Overnight oil worries that caused the Dow to sell off had their repercussions in the Indian markets as well with the Sensex plunging on large-scale investor offloading. The benchmark index tumbled 619 points to close at 13,802 points. In the broader markets, the Nifty closed 179 points or 4 per cent down at 4,136 points.

After opening in the red, the markets showed slight signs of recovery. But as reports came in of inflation touching a new 13-year high of 11.42 per cent, the markets went into free fall. The momentum was aggravated amidst reports of oil touching a new record of $141.71 per barrel.

Among the Sensex scrips, Tata Motors was the biggest loser falling more than 8 per cent to close at Rs 449. Other major losers included Housing Development Finance, Wipro and Reliance Infrastructure.

Among sectoral indices, the BSE Bankex was the biggest loser falling 5.7 per cent or 370 points. Other losers included Bank of India, Axis Bank and ICICI Bank.

Meanwhile, analysts say the prospects do not look too good for the Sensex in the coming weeks with inflation likely to go up to 15 per cent.