 Online edition of India's National Newspaper Tuesday, Jun 24, 2008 ePaper | Mobile/PDA Version |
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MUMBAI: The Bombay Stock Exchange’s sensitive index extended losses for the fourth day in a row on Monday and lost over 270 points. The Sensex ended at 14293.32, a fall of 277.97 points against Friday’s close of 14571.29. The Sensex lost a total of 1,403.58 points, or 8.94 per cent, in past four sessions. Its key index moved erratically in a range of 14,510.55 and 14,163.45 during the day. The S&P CNX Nifty of the National Stock Exchange also plunged by 81.15 to 4266.40.
Brokers said they anticipate a sterner action from the Reserve Bank of India to contain inflation which has touched a 13-year high of 11.05 per cent for the week ended June 7. Rupee sheds three paiseThe Indian rupee shed three paise at 42.96/97 against the dollar on sustained capital outflows amid weak equity markets and some dollar selling by exporters. At the interbank foreign exchange market, the rupee moved in a very limited breadth of 42.95 and 42.98 a dollar before ending at 42.96/97 from the previous close of 42.93/94 a dollar. — PTI
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