Business   

Sensex slumps by 386 points

MUMBAI: The stock markets lost lustre after overnight brief rally and the benchmark Bombay Stock Exchange Sensex slumped by over 380 points on selling pressure, triggered by aggravating fears of recession in the U.S., the world’s largest economy.

The Bombay Stock Exchange 30-share barometer resumed sharply lower at 17515.62 and remained in the negative terrain throughout the day and touched a low of 17294.73. The key index finally closed at 17349.07, a steep fall of 385.61 points, or 2.17 per cent, from its previous close of 17734.68. The Dow Jones Industrial Average and the Nasdaq Composite Index on Thursday crashed by 143 points and 27 points, respectively, after the announcement of a weak U.S. mid-Atlantic manufacturing data, the lowest level since the 2001 recession. — PTI

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

Stories in this Section

Nissan, Renault to set up unit in Chennai
Vehicles to bear ‘Mahindra Renault’ batch
HDFC Bank, Centurion Bank boards meet today
Mercedes Benz C-Class launched
Manure from waste
Board seeks subsidy for coconut replanting
Sony showcases XEL-1 television
Government asked to benchmark ore prices
BEL signs agreements with three Israeli firms
Satyam’s centre for life sciences
Rupee drops 14 paise
New mining policy by April
Sensex slumps by 386 points
Exchange Rates
Bullion Rates
Inflation rate rises to 4.35 p.c.
SAIL forms JV with Jaiprakash Associates
R-Power to be included in BSE 500
IOB to pick up stake in JM Financial’s ARC
Royal Philips raises sales of green products
Hathway partners NDS
Simplex Infra bags Rs. 302 cr. Oman order
City Union Bank declares 30 p.c. interim
GIC Housing offers value added service
DaimlerChrysler India renamed
Daikin’s production unit in Rajasthan

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