Sensex ends lower by 74 points

May 21, 2010 04:27 pm | Updated 04:27 pm IST - Mumbai

The Bombay Stock Exchange benchmark Sensex on Friday closed down by 74 points with FIIs, worried about lingering Euro zone debt crisis, resorting to further selling.

The 30-share index, which tumbled 332 points intra-day, recovered most of the day’s losses but failed to end in the positive terrain. It settled the day at 16,445.61, down of 74.07 points from its last close.

The National Stock Exchange index too Nifty fell by 16.45 to 4,931.15.

The market commenced extremely weak following a free fall in the US Dow Jones Average overnight and resultant poor show by Asian bourses.

Marketmen said sentiment turned bearish as rising US jobless claims, coupled with Euro crisis, prompted investors to shift their assets to safer bets.

Stocks in power, realty and capital goods suffered losses.

In the 30-BSE index component, 19 stocks closed with losses while 11 gained.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.