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Sensex crashes by 96 points

MMBAI OCT. 21. The benchmark crashed today by 95.95 points to end at 4727.43 as share prices continued to decline steeply due to increased heavy bouts of profit selling by operators and domestic funds on the Bombay Stock Exchange.

The BSE-30 share sensitive index opened firm at 4868 against yesterday's close of 4851.67 and moved up further to a high of 4880.66. Later, it met with strong resistance and dipped to a low of 4727.43 before concluding at 4755.72, a steep fall of 1.98 per cent.

A sharp fall in the Sensex could be gauged by steep decline in 28 out of 30 index-based shares including heavyweights such as RIL, HLL, Tisco, Satyam Computer, BHEL, Dr. Reddy's, Hero Honda, Hindalco, Infosys Technologies, ITC and L&T.

Dealers attributed large scale offloading to reports of heavy selling by foreign institutional investors in the derivatives segment that cautioned operators and forced them to book profit in high priced shares..

— PTI

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