Sensex tanks 268 pts on Greece debt concerns - Hindustan Times
close_game
close_game

Sensex tanks 268 pts on Greece debt concerns

PTI | By, Mumbai
May 05, 2010 10:04 AM IST

The Bombay Stock Exchange benchmark Sensex on Wednesday tanked over 268 points to trade below the 17,000-points level in opening trade in line with the meltdown in overseas markets on concerns that Greece's debt crisis could spread to other countries.

The Bombay Stock Exchange benchmark Sensex on Wednesday tanked over 268 points to trade below the 17,000-points level in opening trade in line with the meltdown in overseas markets on concerns that Greece's debt crisis could spread to other countries.

HT Image
HT Image

The 30-share index, which had lost over 421 points in the previous two sessions, plunged further by 268.31 points, or 1.56 per cent to slump below the 17,000-points level--for the first time since March 5--at 16,868.83 points.

Hindustan Times - your fastest source for breaking news! Read now.

All the sectoral indices, led by metals and realty, were trading in the negative zone with losses up to 2.95 per cent.

Likewise, the wide-based National Stock Exchange index Nifty fell below 5,100-points level to trade at 84.45 points, or 1.64 per cent down at 5,064.05.

Marketmen said investors sold shares heavily after a steep fall in the US and Asian stocks markets on concerns that Europe's attempt to contain Greece's debt crisis would not stop it from spreading to other countries.

Sterlite Industries fell 4.44 per cent to Rs 740.65, Tata Steel by 3.40 per cent to Rs 558.90, Hindalco Industries by 2.58 per cent to Rs 158.70, Reliance Industries by 1.26 per cent to Rs 1,008, Infosys Technologies by 1.43 per cent to Rs 2,628.70 and State Bank of India by 1.35 per cent to Rs 2,250.40.

Meanwhile, the US Dow Jones Industrial Average ended 2.02 per cent lower in yesterday's trade, while Hong Kong's Hang Seng shed 1.97 per cent in the morning trade on Wednesday.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On