Thursday, May 20, 2010

Sensex slips over 332 pts in opening trade

Sensex

The Bombay Stock Exchange standard Sensex fell on the day 332 points in breach trade on strong sales of funds in the middle concerns about the euro area debt disaster.

The 30-share index, which had 111.19 points in preceding session, shed 332.65 points to 16,187.03 in the first five minutes of buy and sell.

All sectors, indices, led by realty and metal was trade in negative zone with losses of up to 3.20 percent.

Similarly, the wide-based National Stock Exchange's index Nifty cut down by 105.30 points to 4,842.30 points.

Marketmen said investor sold shares heavily after a steep drop in U.S. and Asian equities market, concern that European fiscal crisis could deepen additional.

At the same time dropped the U.S. Dow Jones manufacturing Average by 3.60 per cent lower in yesterday's trade, while Japan, the Nikkei fell by 2.51 percent in morning trading today.

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