Monday, March 17, 2008

Sensex plunges 675.87 pts

The 30-share BSE Sensex opened with a huge negative gap of 528.47 points at 15,326.93 mirroring weak global cues in the early trades.

Asian markets declined in the initial session of trading on Monday (Mar. 17, 2008) after the Federal Reserve cut its discount interest rate at an emergency meeting and JPMorgan Chase agreed to buy Bear Stearns Cos. All Asian stock benchmarks opened negatively.

The Sensex is currently trading at 15,232.05, down 528.47 points, or 3.35%, while the broad based NSE Nifty is trading at 4,588.25, down 152.55 points (10.00 a.m.).

Out of the total 746 stocks traded, 75 advanced, 661 declined, while 10 remained unchanged.

Among the sectoral indices BSE Auto and IT declined over 2%, BSE Bankex dropped 4.49%, BSE Metal and Power fell over 3% and BSE Realty plunged 5.83%.

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