Sensex down by over 165 points | business | Hindustan Times
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Sensex down by over 165 points

Distinctly weak global trends weighed on the local bourses as the benchmark Sensex fell by 165.42 points and registered its 40-month closing low of 8,160.40 on all-round selling by foreign funds and operators.

business Updated: Mar 09, 2009 17:07 IST

Distinctly weak global trends weighed on the local bourses as the benchmark Sensex fell by 165.42 points and registered its 40-month closing low of 8,160.40 on all-round selling by foreign funds and operators.

The market resumed on a sluggish note on the back of faltering Asian indices at the opening, which later ended in the red and remained in negative terrain throughout the day after a lower beginning in European markets, a broker said.

Sustained selling by foreign institutional investors (FIIs) continued to daunt market sentiment, he added.

The Bombay Stock Exchange 30-share barometer ended at 8,160.40, a fall of 1.99 per cent over the previous close. Prior to this, it ended at 8,072.75 on November 2, 2005.

Similarly, the 50-issue Nifty of the National Stock Exchange also dipped by 47.00 points or 1.79 per cent to 2,573.15 from its last close.

Cautious operators preferred to book profits at the day's higher level due to two holidays on March 10 and 11 on account of "Id-E-Milad" and "Holi".

In Asia, the Hang Seng tumbled by 4.84 per cent, the Straits Times by 3.71 per cent, the Shanghai Composite by 3.39 per cent, the Nikkei by 1.21 per cent and the Taiwan Weighted by 0.55 per cent while only the Kospi ended higher by 1.58 per cent.