Sensex tumbles 443 points on panic selling

By IANS,

Mumbai : A benchmark index of Indian equities tumbled 2.25 percent Thursday on last-hour panic selling.


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The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 19,746.15 points, ended 2.25 percent or 443.21 points down at 19,261.44 points (provisional).

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty slipped below 5,800 points mark. The index ended at 5,776 points, down 2.16 percent or 127.50 points.

All sectoral indices closed deep in the red. The BSE smallcap index plunged nearly six percent and the BSE midcap index shed 4.24 percent.

The country’s largest lender State Bank of India slumped to nearly four-month low. The scrip tumbled nearly five percent Thursday after losing over two percent on the previous day.

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