New Delhi - India's benchmark Sensex lost more than 600 points to dip below the 14,000-level on Friday, tracking weak global cues and on concerns of rising oil prices. The 30-share-sensitive index, which had gained 325 points in the last two trading sessions, slumped by 629.77 points to 13,792.05 a loss of 4.37 per cent.
Market analysts said the Sensex hit a 10-month low -it had touched 13,870.70 on August 22 last year - amid worries about a further rise in inflation.
Inflation is already at a 13-year high of 11.05 per cent, according to India's Commerce Ministry.
All indices were trading in the red, while the automotive, banking, pharma and realty stocks were worst-hit.
The broader S&P CNX Nifty of the National Stock Exchange also lost 177.6 points to 4,138.25, a drop of 4.12 per cent.
Analysts said there was heavy selling pressure because of crude oil prices hitting a new high of nearly 140 dollar per barrel.
