Euroflu slams Sensex to 12-week low

The benchmark index of the Bombay Stock Exchange, Sensex, saw it biggest fall in three months on Wednesday, plunging 467 points, or 2.8 per cent, to close at a 12-week low of 16,408 points.

The benchmark index of the Bombay Stock Exchange, Sensex, saw it biggest fall in three months on Wednesday, plunging 467 points, or 2.8 per cent, to close at a 12-week low of 16,408 points.

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Shares were stung by a German ban on naked short sales — speculative sale of securities by people who do not hold them — in European government bonds, triggering worldwide market falls.

The National Stock Exchange’s 50-share Nifty also fell 2.9 per cent to close at 4,919.

Software engineer Vaibhav Pathak, who is a regular investor in stocks and mutual friends said he was frozen on his tracks. “I have not made any investment in the past four or five months. I am really worried about the money I have already put in.”