Sensex tumbles over 382 pts in pre-close trade | business | Hindustan Times
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Sensex tumbles over 382 pts in pre-close trade

business Updated: Jan 12, 2009 15:19 IST

PTI
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The Bombay Stock Exchange benchmark Sensex tumbled by over 382 points in pre-close trading on Monday on heavy selling by funds amid the World Bank barring Wipro and Megasoft from doing any businesses with it till 2011.

The 30-share Sensex, which continued to fall after the Satyam scandal, moved down further by 382.02 points at 9,024.45 at 1500 hrs on heavy selling by funds in metal, realty and software companies.

While the controversial Satyam Computer recorded fresh gains, Wipro stocks dropped 9.7 per cent, the most in almost three months, after the disclosure that the World Bank has barred the software firm from doing any businesses with it.

Infosys Technologies, a biggest technology company by market value and heaviest on the Sensex, fell 3.3 per cent to its lowest in a month.

The wide-based National Stock Exchange index Nifty also fell by 124.45 points at 2748.55 at the same time.