The Bombay Stock Exchange benchmark Sensex today lost almost 419 points and dipped below crucial 9,000 points level in opening trade on major sell-off by foreign funds and retail investors, largely taking cues from weak global markets.
The Bombay Stock Exchange benchmark Sensex today lost almost 419 points and dipped below crucial 9,000 points level in opening trade on major sell-off by foreign funds and retail investors, largely taking cues from weak global markets.
The 30-share barometer Sensex, which had gained over 299 points in yesterday's trading, fell sharply by 418.99 points, or 4.63 per cent to 8,951.50 after all the sectoral indices slipped into the negative zone with losses up to 7.33 per cent.
Similarly, the 50-share National Stock Exchange Nifty tumbled by 133.55 points, or 4.35 per cent at 2,701.75 points in opening trade. Brokers said sentiments turned distinctly weak after Asian shares plunged to five-week low in line with overnight sharp fall on the US stock markets.
Meanwhile, Canada-based telephone equipment maker, Nortel Networks Corp's subsidiaries in the US and Canada filed for bankruptcy protection. Major losers among technology stocks were IT bellwether Infosys Technologies that fell by Rs 68.85, or 5.28 per cent at Rs 1,236, Wipro lost Rs 15.95, or 6.54 per cent at Rs 228, while Tata consultancy fell by Rs 27.05, or 5.02 per cent at Rs 511.40.
Satyam Computer remained under pressure and tumbled by Rs 7.45, or 24.70 per cent at Rs 22.50.
