Delhi MCD Election Results 2017

Source: media reports

Sensex slips 323 points heavy sell-off

Sensex slips 323 points heavy sell-off
Comment E-mail Print Share
First Published: Fri, Sep 12 2008. 03 51 PM IST
Updated: Fri, Sep 12 2008. 03 51 PM IST
New Delhi: The markets ended weak after a choppy session with the BSE benchmark skidding 2.3% or 323 points to 14,000 levels. The Sensex had hit a low of 13,933 levels in intra-day deals.
Similarly, the wider-based Nifty settled 62 points lower at 4,228 levels.
Sentiment turned negative after Infosys Technologies indicated a lower revenue growth for current financial year. However, the company maintained has the margin guidance.
The stock at Rs1,644 levels tanked 6% or Rs105 and was among the top losers in the Sensex pack. DLF Limited, Reliance Infra, Grasim Industries, Reliance Communications, Satyam Computer, Reliance Industries, Wipro and TCS also lost ground.
Realty counters also witnessed heavy sell-off with Indiabulls Real Estate slipping 6.3% to Rs252. Phoenix Mills, Akruti City, Anant Raj Industries, Ansal Infrastructure, HDIL, Sobha Developers and DLF Limited were the other key losers.
In other economic developments, industrial growth in July recovered to 7.1%, even though it moderated compared with 8.3% recorded a year ago.
The growth in industrial production, measured by the Index of Industrial Production (IIP), stood at 3.8% in May and 5.4% in June.
Comment E-mail Print Share
First Published: Fri, Sep 12 2008. 03 51 PM IST
More Topics: Markets | Stocks | Sensex | Nifty | BSE |