The Hindu : Business : Sensex closes below 15000-mark

Online edition of India's National Newspaper
Friday, Aug 15, 2008
ePaper | Mobile/PDA Version

Business

Business

Sensex closes below 15000-mark

MUMBAI: The Bombay Stock Exchange sensitive index (Sensex) shed 369 points, the biggest fall in nearly three weeks, to close below the psychological 15000 level on sustained selling pressure, particularly in realty, bank and consumer goods counters.

The 30-share index, which fell 119 points on Wednesday trading, lost 368.94 points and closed at 14724.18 on Thursday.

It dipped to a low of 14686.66.

The National Stock Exchange index Nifty also fell by 90.35 points at 4430.70.

Reatly stocks bore the maximum brunt of selling and the sectoral index ended lower by a hefty 7.97 per cent.

Real estate major, DLF, which plunged by 8.66 per cent, was the worst performing stock among the Sensex club.

Banking stocks tumbled, with SBI and ICICI Bank taking a major hit of 6.24 per cent and 5.25 per cent respectively.

Heavy-machinery stocks suffered the most as capital goods segment index dropped by 468.22 points to 12138.72. Larsen and Toubro tumbled by Rs. 135.30 to Rs. 2660.55 and BHEL. IT stocks bucked the selling pressure and closed with gains. Marketmen said investors expected profits of software exporting companies to go up considering rupee’s continuing fall against the dollar. — PTI

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

Business