Mkts tumble, Sensex at a 15-month low

Agencies

Posted: Monday, Jun 30, 2008 at 1454 hrs IST
Updated: Monday, Jun 30, 2008 at 1626 hrs IST


Font Size

Print

Feedback

Email

Discuss

Mumbai, June 30:: The Bombay Stock Exchange benchmark Sensex on Monday fell for the second straight session to a 15-month low of 13,461.60 points, as funds and general investors off-loaded holdings in refinery, bank and realty segments following projections of a fall in economic growth.

The Sensex, which had lost 620 points on Friday, fell further by 340.62 points to a level last seen on April 13, 2007. The index touched a low of 13,405.54 and a high of 13,872.06 points, revealing a wide fluctuation in share prices during the day.

The index has dropped 33 per cent this year, its worst six months since the benchmark's introduced in 1979.

The wide-based National Stock Exchange index Nifty tumbled by 96.10 points at 4040.55, after touching the day's low of 4021.70 and a high of 4163.00 points.

Selling pressure gathered momentum after reports that the rising crude and inflation data might pull down the economic growth to 7.5 per cent from the previous level of 9 per cent.

ICICI Bank, second-largest lender and index-linked, fell to its lowest in almost two years after a leading banker forecast a drop in loan profitability.

More from Markets

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)
Name
Message
Email ID
Subject
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Comments
Flowers & Cakes DeliveryExpress Classifieds
Post and view free classifieds ad
Express Astrology
Know what's in the stars for you