Sensex drops 312 points in initial trade
The benchmark index opens with a wide downside gap of 182 points at 19,603.09 on weak global cues.business Updated: Nov 16, 2007 11:49 IST
The benchmark Sensex on Friday opened with a wide downside gap of 182 points at 19,603.09 on weak global cues due to heightened fears about a slowdown in the US economy following further disclosures of credit and housing problems.
The Bombay Stock Exchange (BSE) barometer later fell to a low of 19,472.51, a loss of 312.38 points in the initial five minutes of trading from yesterday's close of 19,784.89.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) dropped sharply by 94.70 points to a low of 5,817.40 from previous close of 5,912.10.