|
|
Article: Market crashes over 536 points at noon.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 27, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Market crashes over 536 points at noon
Mumbai, July 27 (PTI) Frantic selling by funds drove the benchmark Sensex down by over 536 points at noon on the Bombay Stock Exchange today, with all the index kitty stocks plunging into red led by metal and capital good segments.
The Sensex traded lower by 536.19 points at 15,240.12 at 1200 hrs with most heavy-weight stocks plunging to recent lows. Similarly, the second wide-based National Stock Exchange index Nifty dropped by 173.10 points at 4446.70.
Selling by foreign and domestic funds sparked by report of a major plunge in global stock markets such as Nasdaq, Dow Jones Industrial, Nikkei and Hang ...