Sensex falls over 200 points on weak Asian trend
The Sensex, which had lost 81.40 points in previous trading, fell further by 204.76 points at 17,230.18.Updated: May 20, 2008, 16:27 IST
The Bombay Stock Exchange benchmark Sensex on Tuesday fell by 205 points on heavy selling after Asian stock markets showed weakness.
The Sensex, which had lost 81.40 points in previous trading, fell further by 204.76 points at 17,230.18, after touching low of 17,136.26 and high of 17,367.13 points.
Similarly, wide-based Nifty of the National Stock Exchange dropped by 52.75 points at 5,104.95. It touched day's low of 5,072.40 and high of 5,160.05 points.
Selling pressure gathered momentum following reports of a steep fall in share prices in leading Asian stock Markets including Hong Kong and Singapore.
Banking stocks suffered the most. Banking index, Bankex, lost 177.43 points to 8,763.85, followed by realty index with a loss of 150.15 points to reach 7,894.10.
PSU index fell by 142.12 points at 7,651.74, capital goods index by 133.27 points at 13,563.48, oil and gas index by 119.97 points at 11,169.61 and power index by 27.70 points at 3,304.79.