A surge in inflation, weak global cues and political concerns dampened the investor sentiments today as share prices declined sharply. All the sectoral indices on BSE were in the red. Reliance Energy was the biggest loser from the Sensex pack. Banking stocks tumbled. European markets, which opened after Indian market, were weak.
The 30-share BSE Sensex plunged 566.56 points or 3.42% at 15,975.52, its lowest closing since 18 September 2007. The index had shaved off 852.16 points at the session’s low of 15,689.92, hit in afternoon trade.
The broader CNX S&P Nifty was down 149.80 points or 3.04% at 4771.60.
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