The indian Sensitive Index started lower than Friday's previous close and only managed to drop more and finally closed more than 700 points lower than its previous close on Friday. ( 19,261.35 : -769.48 ).
It was just last week that Sensex had climbed to the magical 20000+ figure and managed to hold it for 2 continous days till today when it fell well below the 19500 mark. It is the second highest single day point-fall for the Sensex. Nifty ended the day at 5789, (provisional), down 258 points. It is the highest single-day point fall for the Nifty.
The market succumbed to profit booking today, that came in due to weak global cues as well as profit booking by FIIs in the holiday season. The Sensex ended losing 769 points from the previous close, at 19,261. Nifty also lost 270 points and shut shop at 5777. All BSE sectoral indices closed lower, with BSE Metal, Realty, Capital Goods and Oil & Gas indices being beaten down the most. Market breadth was extremely weak, with 210 advances against 1,007 declines on the NSE. The top gainer on the Sensex was HUL, while losers included DLF, NTPC, Tata Steel and HDFC.
Source: Rediff
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Monday, December 17, 2007
Sensex crashes more than 700 points again on a Monday
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