Sensex down 460 points at midsession
Sensex tumbled by 460 points at midsession on heavy selling by foreign funds as well as retail investors following weak global trend.business Updated: Sep 05, 2008 12:46 IST
The Bombay Stock Exchange benchmark Sensex tumbled by 460 points at midsession on Friday on heavy selling by foreign funds as well as retail investors following weak global trend.
The 30-share index, which fell by over 150.76 points yesterday, plunged by 460.51 points, or nearly 3.2 per cent to 14,438.59 points at 1230 hrs on selling by funds in heavy-weight stocks led by metal
and banking sectors.
Similarly, the National Stock Exchange's index Nifty also fell by 118.85 points to 4,328.90 as all the 50-index constituents were in negative zone.
Stock brokers said meltdown on the global stock markets, mainly dampened the trading sentiments here, triggering all-round selling by market participants.
In global markets, the US Down Jones Industrial Average Index suffered a hefty loss of 2.99 per cent last evening, a biggest fall in more than two months. Hong Kong's Hang Seng Index also dropped by 3.12 per cent in early trade today.