Font Size 
Sensex dips to below 11k | Dos and don'ts to save you
Published on Wed, Oct 08, 2008 at 10:44, Updated on Wed, Oct 08, 2008 at 15:50 in 
Tags: 
DOWNWARD BOUND: The slipping indices have traders worried about a repeat of Wall Street on Dalal Street
Mumbai: The Bombay Stock Exchange benchmark Sensex plunged by over 680 points in early trade today following melting global stock markets on deepening worldwide financial crisis.
The 30-share index, which had lost nearly 1,360 points in the last three sessions, plummeted by 682.82 points at 11,012.42 due to heavy sell-off by foreign funds in the stocks of capital goods, metals, banking and oil and gas sectors.
The National Stock Exchange index Nifty tumbled by 200.80 points to 3,405.80 with all the heavy-weight stocks trading in the negative zone.
Marketmen said apart from sharp losses in the global stock markets, depreciating Indian rupee against the US dollar too dampened the trading sentiments here.
Indian rupee fell by 37 paise to 48.28 against the dollar in early trade on the Forex market today.
Stocks which dragged the BSE barometer down are Larsen and Toubro, BHEL, Tata Steel, Reliance Industries, Reliance Infra, Rcom, ICICI Bank, HDFC Bank, State Bank of India, Bharti Airtel, Infosys Technologies, Satyam Computers, Tata Consultancy, Wipro, Grasim Industries, ACC and HDFC Ltd.
Meanwhile, Hong Kong and Japanese shares plunged nearly 5 per cent each in early trade.
The US Dow Jones Industries lost more than 500 points to 9,447.11, its lowest close in five years.
| Related Ads: | |
Read Comment | Post Comment
When Asian economies, especially Indian economy is growing strong, why there is a meltdown in the Indian stock markets is
Read Comment
AFTER SHOCK WAVES WILL KEEP ON GIVING JOLTS TO THE INVESTORS IN COMING DAYS.
ONE MUST TAKE IT IN
Read Comment
Read more comment »