Gains made in the relief rally beginning in February were wiped out on Thursday as uncertainties in global markets continued to weigh down investor sentiment.
Bombay Stock Exchange’s Sensex plunged 643.46 points or 3.55 per cent to close at provisional 17,496.03. The benchmark swung 706.4 points intra-day touching a low of 17,492.28.
National Stock Exchange’s Nifty ended at provisional 5131.60, down 190.95 points or 3.59 per cent. The index fell to the low of 5113.85 and oscillated 230.7 points from its day’s high of 5344.60.
Declines were led by Reliance Communications (down 5.5%), Hindalco (5.46%), NPTC (4.96%), Reliance Industries (4.94%), ICICI Bank (4.58%) and Bharti Airtel (4.49%).
ACC, up 1.2 per cent, was the lone gainer in the 30-share index.
On BSE, 1,994 declines outnumbered 809 advances.
All Asian markets, barring Japan, were shut today on account of Lunar New Year. Japan’s Nikkei and Topix were up 0.82 per cent and 0.5 per cent respectively. In Europe, FTSE 100 was down 0.78 per cent, DAX 30 fell 0.79 per cent and CAC 40 declined 0.99 per cent.
Source : http://economictimes.indiatimes.com/
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