Sensex Tumbled Again Around 570 points
Crude oil is killing everyone and Indian economy too. Soaring crude oil prices that surged past $146 a barrel mark and fears of an economic slowdown dampened trading sentiment in India with the benchmark index skidding 570 points to 13,100 levels.
Well only Indian market was not down it seems, in other markets, South Korean shares closed 1.1% lower, while Hang Seng Index shed 461 points to 21,242 levels as well. So the worries are everywhere.
Tata Steel was the worst hit that slipped 11.5% or Rs 85. DLF Limited, Reliance Infra, Reliance Industries, Maruti Suzuki and ITC limited were among the other top losers again.
Among sectoral indices, the BSE realty index was the worst hit with Sobha Developers ending down over 10%. DLF Limited, HDIL, Omaxe Limited and Unitech Limited slipped over 9%. By the way if you remember, DLF had shot up 15% yesterday on the news of DLF Buy Back offer.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment