Global mood, year-end woes, trim 143 pts off Sensex

Mumbai, March 29 | Updated: Mar 30 2005, 05:30am hrs
As year-end jitters persisted in the backdrop of weak global markets, the Indian market too sank in tandem. The benchmark 30-share BSE Sensex on Tuesday shed a hefty 142.88 points, closing under the crucial 6,400 level, at 6,367.86. The Sensex suffered its biggest intra-day fall since January 5, 2005, at one point dropping 180 points to touch a two-month low of 6,326.73.

On January 6, 2005, the Sensex had closed at 6,367.39. Since March 9, when the Sensex touched an all-time high of 6,954.86 intra-day, it has now lost 587 points, and the Nifty has shed 199.60 points. On Tuesday, The Stock Exchange, Mumbai (BSE) shed 2.30%, while the National Stock Exchange (NSE) shed 2.20% in terms of market capitalisation.

Domestic bourses were also impacted by the weak trend in Asian markets, with the Jakarta index falling almost 3%. Japans Nikkei index fell 1.6%, its largest fall in four months on weak economic data. Seoul stocks slipped nearly 2% and Honk Kong shares also recorded their lowest close in the last two months.

Despite staging a rally of sorts at the fag end of the session, the Sensex finally closed with a loss of 142.88 points, or 2.19%, at 6,367.86.