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The S&P BSE Sensex plunged over 300 points in morning trade on Monday led by losses in ICICI Bank, HDFC, L&T, SBI and Tata MotorsBSE -1.82 %.The Nifty50 came under pressure and slipped below 7500 to hit its fresh 52-week low of 7495.65, weighed down by losses in realty, power, oil & gas, metal, consumer durable, and banking stocks. 

India's stock markets stabilised on Friday as investors bought stocks battered in the previous session, although wild swings in Chinese markets this week pushed Indian equities to record their worst weekly performance since November 2011.The broader NSE Nifty ended 0.44 percent higher but lost about 4.54 percent during the week.The benchmark BSE Sensex gained 0.33 percent at close, but shed 4.7 percent during the week. Both the NSE and BSE have recorded their worst weekly performance since Nov. 18, 2011.