Business   

Sensex tumbles by 288 points

MUMBAI: The Bombay Stock Exchange benchmark Sensex plunged by a significant 288 points on Thursday on a sudden bout of selling by investors who, according to market players, are taking out money to invest in forthcoming mega initial public offering (IPO) of Reliance Power and mutual funds. Earlier, the 30-share BSE barometer has touched another intra-day peak of 21206.77. However, it fell sharply after the mid-session and closed at 20582,08, a net fall of 287.70 points or 1.38 per cent, from its previous close

The rupee on Thursday closed steady at 39.28/29 against the greenback in dull trading at the interbank foreign exchange market amid anticipation of capital inflows alternated by some dollar demand by banks.The domestic unit was trapped in a small range of 39.25 and 39.32 after resuming quietly steady at 39.2700/2850 against the last close of 39.28/29. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

RITES to tap market
New stocks in mid, small-cap indices
Ten-year tax holiday for industrial park developers
Govt.’s blueprint for auto industry
Sun Microsystems to automate CSB
A mystical freshness
ACi unveils lightweight, affordable laptop
Surana buys 49 p.c. in P.T. Agate
Caparo Group plans more investment
7Seas buys German online gaming firm
Building brand identity poses challenge
Sensex tumbles by 288 points
ICICI Prudential ties up with SIB
Tuna to trigger change in islands’ economy
South Indian Bank Q3 net up 64 per cent
Exchange Rates
Bullion Rates
Sify partners F-Secure
Corporation Bank wins three awards
AIG launches infrastructure fund
TVSE achieves Rs. 5 crore net profit

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu