Friday, July 11, 2008

Sensex ends at 13501 down by 425 points

BS Reporter / Mumbai - The Sensex opened with a positive gap of 106 points at 14,032, and touched a high of 14,0666. But, the index, soon slipped into the negative zone on account of weakness in technology stocks.

Just when the markets were recovering came another jolt. Poor IIP numbers for the month of May, triggered a fresh round of selling, especially the capital goods stocks began to slide... Unabted selling, thereafter, saw the index tumble to a low of 13,351 - down 715 points from the day's high.

The Sensex finally ended with a significant loss of 425 points at 13,501.

The NSE Nifty dropped 103 points to settle at 4,059.