Concerns on global credit squeeze and worries about US housing loan business continued to have its impact on the domestic stock market on Monday as the benchmark BSE Sensex fell 235 points on heavy selling by funds. The losses in the US sub-prime mortgage business and problems in the mergers and acquisitions weighed on the Asian bourses, dealers said, adding the country is attached to global factors and that is going to affect the sentiment here.

The Bombay Stock Exchange (BSE) 30-share barometer Sensex opened sharply lower at 14,892.60 from Friday’s close of 15,138.40 and touched a one-month low of 14,705.58. Later, it recovered on good buying support from domestic funds and ended at 14,903.03 — a fall of 235.37 points or 1.55 per cent. The index has plunged nearly 1,000 points from its peak of 15,868 in a fortnight after three major falls.

Broad-based S&P CNX Nifty of the National Stock Exchange (NSE) also touched a one-month low of 4,267.15 before closing above 4,300-mark at 4,339.50, a net loss of 62.05 points or 1.41 per cent over the previous close of 4,401.55. Reality, capital goods, IT and metal counters were at receiving end on heavy offloading.