Online edition of India's National Newspaper
Thursday, May 31, 2007
ePaper
Online edition of India's National Newspaper Thursday, May 31, 2007 ePaper |
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MUMBAI: India's key stock market index tripped and fell by 97 points on Wednesday as investors began selling after other Asian markets turned weak following China's decision to triple the tax on securities transactions. Initially, the markets showed signs of a fresh rally but turned negative after China's decision caused Asian stocks to fall across the board, market players said. Touching the intra-day high of 14576.37 at the outset, the Sensex later came under pressure and dipped to a low of 14379.21 before ending at 14411.38, a loss of 96.83 points or 0.67 per cent that also marked the end of a three-day advance. The BSE barometer had added 290.10 points or 2.04 per cent in the last three sessions. The S&P CNX Nifty which hit a new intra-day high of 4301.60, later fell back to close at 4249.65 from Tuesday's close of 4293.25, a net fall of 43.60 points or 1.02 per cent. — PTI
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