Business   

Sensex sheds 415 points

MUMBAI: The stock markets remained under pressure for the second day in a row with the Bombay Stock Exchange sensitive index (Sensex) taking a hit of over 415 points on Friday, the biggest fall in nearly two weeks, on sustained selling in realty, banking and IT stocks.

Marketmen said investors were rattled by across- the-board losses in global markets. The Sensex closed at 14483.83, a loss of 415.27 points against 14899.10 on Thursday.

The previous biggest loss for the 30-share index was on August 21 when it lost 435 points. Asian and European markets registered sharp losses.

The Indian rupee fell to its weakest since December 2006 on Friday. It closed at 44.645/655 a dollar against 44.35/36 on Thursday. The rupee fell as low as 44.75, a level it last traded on December 21, 2006, before the central bank was thought to have stepped in as a buyer. — PTI

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

Stories in this Section

Managing inflation top priority: Subbarao
India signs ‘historic’ pact with Colombia
Coal shortage to continue
Higher cap for investors in SEs mooted
We are the Harrods of the sky: Vijay Mallya
Toyota launches new Corolla
Curbing mis-selling of ULIPs
Sensex sheds 415 points
Godrej enters TV business
Dell plans to sell computer factories
‘Implement WTO ruling on shrimp’
Forex reserves decline by $1.9 billion to $295 billion
Samsung mulls SanDisk buy
NTC Maharashtra project
Exchange Rates
Bullion Rates
BSNL, PNB tie up for payment of phone bills
HPCL implements IBM solution
20 Microns IPO opens on September 8
Alcatel-Lucent appoints new board members

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu