Sensex crashes to 18 month low, at 12,490

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Markets crash
Mumbai, Sep 29: BSE Sensex on Monday, Sep 29 hit an 18 month low. Sensex crashed 600 points at 12,490 at 14:11. While National Stock Exchange's 50-share Nifty dropped 4.33 per cent to 3812. On BSE, all sectors were in red. Realty, banking, consumer durables and IT were the worst hit sectors.

European companies are now facing the heaty of US financial meltdown. Fortis, the largest Belgian financial service firm, recently filed for the bailout. Bradford & Bingley Britain's biggest lender to landlords may also be taken over. Top losers of BSE were ICICI Bank (-11.41 pc), Jaiprakash Associates (-12.39 pc), Reliance Infra (-7.43 pc), DLF Ltd (-8.80 pc) and Satyam Computers (-8.25 pc).

There were no gainers on Sensex. On NSE, SAIL (0.97 pc), Hero Honda (0.65 pc), Cipla (0.57 pc) and GAIL (0.42 pc) were marginally up.

Rupee hits 5 year low

The rupee fell past 47.04 per dollar to its weakest since June 2003 on Monday, Sep 29 as month-end dollar demand from importers and oil refiners w
eighed and sharp losses in the share market raised worries about capital outflows.

The partially convertible rupee was at 47.10/11 per dollar, its weakest since June 2, 2003, and more than 1 percent weaker than its close of 46.545/555 per dollar on Friday, Reuters data showed

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