Sensex tumbles over 300 points |
The benchmark BSE Sensex, reversing its 2-day rally, on Nov 18 fell almost 382 points to close at over a two-month low of 25,482.52, as worries persisted due to a deteriorating global risk environment and investors waited for US Fed minutes of the last policy meeting.Concerns about muted September earnings, profit-booking by participants after recent gains and sustained capital outflows by foreign funds dampened stocks. Weighed down by heavy selling in blue-chips, the BSE Sensex stayed in the negative zone for the most part of the session and closed down 381.95 points, or 1.48 per cent, at 25,482.52 — a level last seen on September 8.The 50-share NSE Nifty cracked below the 7,800-mark to hit a low of 7,725.05 before settling lower by 105.75 points, or 1.35 per cent, at 7,731.80. During the session, it touched a high of 7,843.40.A weakening rupee against the American currency also negatively impacted market sentiment.
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