Sensex registers lowest close in over 3 years
The Bombay Stock Exchange sensitive index down to an intra-day low of 8,390.21 before ending the day at 8,427.29, a steep fall of 179.79 points or 2.09 per cent.business Updated: Mar 03, 2009 17:05 IST
A sudden all-round sell-off at the fag end brought down the benchmark Sensex below 8,400 after more than three months but the index registered its lowest closing low of 8,427.29 in more than three years, down by a whopping 180 points despite a firm European opening.
The market resumed on a weak note after sluggish Asian cues following a steep fall on Wall Street on Monday. But it moved in a narrow range till late afternoon, coming in and out of positive terrain.
But sudden bouts of heavy selling in the concluding session pulled the bellwether Sensex down to an intra-day low of 8,390.21 before ending the day at 8,427.29, a steep fall of 179.79 points or 2.09 per cent.
The Sensex had finished at 8,308.93 on November 10, 2005.
It also completed its three sessions of losing on Tuesday.
The broader 50-issue Nifty of the National Stock Exchange also plunged by 52.20 points or 1.95 per cent to 2,622.40 from its last close.
Selling was so strong that all sectoral indices ended in the red with a fall between 3.15 per cent and 1.03 per cent. Only three out of the 30 Sensex counters registered gains.