Hit by late selling, Sensex nosedives 144 points
By IANSWednesday, August 25, 2010
MUMBAI - Selling pressure towards the closing hours brought a benchmark index for Indian equities 144 points down from its previous close.
Realty stocks were the hardest hit, while consumer durables, auto, healthcare and metal stocks saw a fair amount of selling.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,308.51 points, closed at 18,167.13 points (provisional), 144.46 points or 0.79 percent down from its previous close at 18,311.59 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty shut shop 0.89 percent lower at 5,456.15 points.
Broader markets indices suffered more, with the BSE midcap index down 1.6 percent and the BSE smallcap index 1.55 percent lower.
