Sensex opens down by 372.90 pts

Mumbai, Nov 20 (UNI) The 30 scrips sensitive index of Bombay Stock Exchange (BSE) tumbled by 372.90 points at 8,400.88 in the opening session today, on weak global cues from its previous close at 8,773.78 points.

While the Nifty of National Stock Index remained flat in the opening session for the second straight day today at 2,634.20 points.

The Sensex recorded the day's intraday's high at 8,489.65 and low at 8,359.06. Currently it was sliding don by 369.64 points at 8,404.14 The Nifty recorded the intraday's high at 2,634.20 and low at 2,506.50. Currently, it was trading down by 110.75 points.

Brokers said Foreign funds are dumping stocks in Indian and other emerging markets to shore up resources to beat the global liquidity crunch. Asian shares tumbled as economic data indicated a global recession could get even uglier. Key benchmark indices in Hong Kong, Japan, South Korea, Singapore and Taiwan were down by between 1.2 per cent to 5.66 per cent.

The market breadth, indicating the overall health of the market, was weak. On BSE, 216 shares rose as compared with 1,102 that declined. 28 shares remained unchanged.

All the 30 stocks from the Sensex pack were in the red.

The top heavy weights losers were ICICI bank by 7.84 per cent to Rs 320.45, REL Infra by 7.53 per cent to Rs 421.55, HDFC by 7.03 per cent to Rs 1,270, DLF Limited by 6.68 per cent to Rs 209.40, HDFC Bank by 6.66 per cent to Rs 827.95 and TATA Power by 6.53 per cent to Rs 632.95.

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