Heavy selling of blue chips like Reliance Industries and Larsen & Toubro dragged down the BSE benchmark Sensex by nearly 137 points today amid concerns over slowing domestic industrial output growth and a weakening global trend.
The 30-share index of the Bombay Stock Exchange fell by 136.55 points to settle at 20,203.34 at the close of trade today, compared to 20,339.89 points at the end of yesterday's session.
During the day, the gauge tumbled to an intra-day low of 20,107.25 points after the release of data showing that industrial production grew at a slower pace than market expectations in August, 2010.
The wide-based National Stock Exchange Nifty fell below the 6,100 points level today after shedding 44.95 points to 6,090.90. During intra-day trade, the Nifty touched a low of 6,057.95 points.
The industrial production growth rate nearly halved to 5.6 per cent in August compared to the previous year. Finance Minister Pranab Mukherjee has expressed disappointment at the factory output numbers.
Read more...
Times Of India
The 30-share index of the Bombay Stock Exchange fell by 136.55 points to settle at 20,203.34 at the close of trade today, compared to 20,339.89 points at the end of yesterday's session.
During the day, the gauge tumbled to an intra-day low of 20,107.25 points after the release of data showing that industrial production grew at a slower pace than market expectations in August, 2010.
The wide-based National Stock Exchange Nifty fell below the 6,100 points level today after shedding 44.95 points to 6,090.90. During intra-day trade, the Nifty touched a low of 6,057.95 points.
The industrial production growth rate nearly halved to 5.6 per cent in August compared to the previous year. Finance Minister Pranab Mukherjee has expressed disappointment at the factory output numbers.
Read more...
Times Of India
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