The Bombay
Stock Exchange benchmark Sensex plunged by over 680 points in early
trade on Wednesday following melting global stock markets on deepening
worldwide financial crisis.
The Bombay Stock Exchange benchmark Sensex plunged by over 680 points in early trade on Wednesday following melting global stock markets on deepening worldwide financial crisis.
The 30-share index, which had lost nearly 1,360 points in the last three sessions, plummeted by 682.82 points at 11,012.42.
The Bombay Stock Exchange (BSE) Sensex continued its downward trend for the second day in a row and closed at 11695.24 at the end of Tuesday’s trading.
From Monday’s crash of 725, it further slipped to 106.46 points.
The wide-based National Stock Exchange (NSE) index Nifty moved between 3,732.65 and 3,537.00 points before ending at 3,606.60, a marginal gain of 4.25 points.
The BSE opened this morning up by over 379 points in early trade.
Similarly, the NSE index rose by 127.05 at 3,729.40 this morning.
Trading activity was mixed as initial gains were on the back of the Reserve Bank of India (RBI) cutting Cash Reserve Ratio (CRR), which would infuse 20,000 crore rupees into the liquidity.
However, reports of melting global stock markets quickly reversed the trend. (ANI)
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