India's Shitsex continues its crash with 408 points down AGAIN

Sensex slips below 16k: Infosys, Grasim worst hit


MUMBAI: Stocks lost further ground after the open as selling pressure
intensified on the back on weak global cues, but were off initial lows.
After last ws over 9 per cent rise on the Sensex, traders lightened
positions. Domestic inflation, which rose to 6.68 per cent, also took its
toll on sentiment.

At 11:30 am, the Bombay Stock Exchange's Sensex was down 408 points or 2.49
per cent at 15,963.40, making a low of 15,877.57.

Infosys Technologies (down 6.39%), Grasim Industries (4.85%), HDFC Bank
(4.75%), ICICI Bank (4.33%) and Satyam Computer (4.09%) were the biggest
index losers.

Cipla (up 1.82%), ITC (0.9%) and Hindalco Industries (0.51%) were the only
Sensex gainers.

The National Stock Exchange's Nifty was down 110 points or 2.23 per cent at
4831.7. The index touched a low of 4806.10.

Asian markets dropped Monday, with Japanese stocks dragged down by
financials such as Mizuho Financial Group on worries about global credit
markets, and exporters such as Honda Motor in the wake of a drop on Wall
Street and a stronger yen. The Nikkei lost 2.44 per cent, the Hang Seng
dipped 1.78 per cent and the Straits Times shed 0.3 per cent.


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