Sensex crashes below 9,000 level, at 8,969 mark
Just
in:
Sensex
dips
below
9,000
barrier
crashes
by
417.33
pts
to
8,969
points.
Nifty
at
an
intra-day
low
of
2695.25.
Bank,
metal,
realty,
power
stocks
are
really
hit.
1:43
PM
11/17/2008
Just
in:
At
11
am,
BSE's
Sensex
was
down
over
300
points,
while
the
National
Stock
Exchange"s
Nifty
was
below
the
2800
mark,
about
70
points
down.
After
the
two
major
Asian
economies
Japan
and
Hong
Kong
slid
to
recession
the
stocks
across
the
region
fell.
Also
the
G-20
nations
delayed
agreeing
on
specific
measures
to
combat
the
global
crisis.
However,
the
Nikkei
average
rose
1
per
cent
in
thin
trade
as
some
investors
rushed
in
to
buy
following
an
initial
sell-off
after
data
showed
Japan's
economy
was
in
recession.
17/10/2008
11:40
AM
Mumbai, Nov 17: On Monday, Nov 17 tracking the Asian markets, Indian stock market opened positive.
Bombay Stock Exchange's benchmark index Sensex climbed 34.70 points to 9420 from Friday, Nov 14's close. While National Stock Exchange's Nifty rose 13.15 points or 0.38 per cent to 2823. Stocks opened on a flat note with a positive bias on Monday tracking Asian peers. Japan contracted at an annual pace of 0.4 per cent in the July-September period after a declining an annualized 3.7 per cent in the second quarter. The recent behind the latest economic dropout is falling business investment.
US
stocks
also
slid
on
Friday,
Nov
14
after
a
record
drop
in
retail
sales
in
October
increased
fears
that
American
consumers'
reluctance
to
spend
will
push
the
economy
into
an
even
deeper
downturn
than
currently
expected.
17/10/2008
10:31
AM
OneIndia
News