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Indian Sensex plunges by 310 points in early trade on Thursday
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Posted 09 June 2006 @ 12:45 pm GMT
Indian shares tumbled as trading opened Thursday with the benchmark index plunging 310 points, or 3.2 percent, in the first 20 minutes.
Crestfallen: Stock-brokers in Mumbai. Indian share prices tumbled by 310 points in ealy trading on Thursday -- wiping out their 2006 gains -- as worries over rising global interest rates that could slow growth hit markets worldwide. (AFP/Sebastian D&...
All of the 30 shares tracked by the benchmark index of the Bombay Stock Exchange were down in early trading. The Sensex was down to 9,446 points, dropping below the 9,500 mark for the first time since Jan. 23.
The fall was sharper on the National Stock Exchange, where the 50-company S&P Nifty index fell 3.4 percent to 2,765 points.
Copyright 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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