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Sensex plunges 142 points

MUMBAI: In highly volatile trading, the Bombay Stock Exchange's sensex on Wednesday suffered a huge 265.19 point loss on sudden bouts of selling pressure towards the fag-end and closed 142.35 points down at 8788.81.

The market opened firm and rallied further on increased buying spree. However, prices started to fall steeply during the latter part of trading and ended with heavy losses.

The BSE's 30-share sensitive index opened firm at 8962.92 against 8931.16 and zoomed to an all-time intra-day peak of 9033.99. Thereafter, it crashed by 265.19 points to a low of 8768.80, before closing at 8788.81, revealing a steep 1.59 per cent loss over the previous close. — PTI

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