Investors edgy about the Greece debt crisis impact on global economic recovery sent the stock market tumbling by 100 points to close below 17,000 points, extending the losses for a fourth straight day.
The Sensex, which had lost nearly 470 points in the last three sessions, rolled down further by 100.43 to 16,987.53, a level last seen on March five.
The benchmark touched the day’s low of 16,823.00 as the two most heavyweight stocks, Reliance Industries and Infosys dropped.
Selling pressure gathered momentum following weakness in Asian peers, on fears that Greece’s sovereign debt crisis might spread to other European nations such as Portugal and Spain, and impact the global economic recovery.
A fall in India’s export in FY’10 further dampened trading sentiment and diluted the impact of easing food inflation for week ending April 24.
The wide-based National Stock Exchange index Nifty also tumbled by 34.05 to 5,090.85, after touching the day’s low of 5,037.75.
