21st
January
2008
Markets Hit Lower Circuit, Trading Stopped for an Hour
posted in News |
It seems that pain is not yet over and the markets once again opened on extremely disappointing note after yesterday’s catastrophic meltdown. Cues from the Asian markets added more pain to our markets.
Sensex and Nifty both opened with over 10% cut and hit the lower circuit and the trading got halted for one hour only fourth time in Indian history. Sensex opened down 9.75% or 1716.41 points at 15888.94 and Nifty was down 12.10% or 630.45 points at 4578.35. Sensex so far was down 25% and Nifty 28% from its all time high.
Major losers in the opening trade were ICICI bank, RPL, RNRL, NTPC, Rel Comm, RIL, SAIL, Unitech, Infosys.
This entry was posted
on Monday, January 21st, 2008 at 10:57 pm and is filed under News.
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