BSE suspends trading as Sensex falls by 1,743 pts
The 30-share index tumbles to 17,307.9, forcing the trading to be suspended for one hour on the BSE.business Updated: Oct 17, 2007 11:02 IST
The stock market benchmark Sensex on Wednesday crashed by 1,743 points within minutes of opening, prompting suspension of trade for an hour a fallout of regulator Sebi's move to curb Foreign Institutional Investors.
The 30-share index, Sensex, tumbled to 17,307.90, a fall never seen before. The fall forced the trading to be suspended for one hour on BSE.
The fall comes days after Finance Minister P Chidambaram expressed surprise at rising stock prices and hoped for things to cool down.
The National Stock Exchange's wide-based index Nifty also plunged 9.25 per cent to 5,658.90 points on Wednesday.