 Online edition of India's National Newspaper Wednesday, Aug 20, 2008 ePaper | Mobile/PDA Version |
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MUMBAI: The Bombay Stock Exchange sensitive index (Sensex) shed nearly 102 points on Tuesday extending the losses to the fifth straight session with consumer durables and IT stocks taking a hit while auto and metal counters remained under selling pressure amid weak trends in Asian and European bourses. The Sensex, which has lost 858 points in the last four sessions, lost another 101.93 points and closed at 14543.73 against 14645.66 on Monday. The index dipped to the day’s low of 14,368.72. Similarly, the 50-share Nifty of the National Stock Exchange also declined by 24.80 points or 0.56 per cent to 4,368.25 from its last close. Brokers said domestic institutional investors heavily bought shares at the day’s lower levels. Marketmen attributed initial sharp slide to weak global cues. Asian and European markets were sharply down on concerns over mortgage crisis in the U.S. getting worse. Trading sentiment was also hit on fears of a slowdown in economic growth at home. — PTI
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