3-month low: sensex tanks below 16K | business | Hindustan Times
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3-month low: sensex tanks below 16K

business Updated: Feb 05, 2010 23:52 IST
HT Correspondent
HT Correspondent
Hindustan Times
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The Sensex plunged 434 points on Friday as stock markets across the world plummeted amid mounting fears of a sovereign debt crisis in countries like Greece and Portugal, while gloomy employment data from the US suggested the global economic recovery could take longer than expected.

The 30-share benchmark index of the Bombay Stock Exchange fell 2.68 per cent to end at 15,790.93 points. The 50-share National Stock Exchange’s Nifty ended down 2.61 per cent at 4,718.65 points. The Sensex sank below the 16,000 level after more than three months.