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Sensex nosedives 385 points
MUMBAI:
The Bombay Stock Exchange sensitive index (Sensex) on Monday nosedived by 385 points as high oil prices, lack of buying support from foreign institutional investors (FIIs) and mutual funds and weak Asian and U.S. markets prevailed over expectations of strong quarterly earnings from IT majors.
Reeling under selling pressure, which was aggressive in the last one hour, the BSE 30-share Sensex closed at 10293.22 against last Friday's close of 10678.22, a steep fall of 385 points or 3.61 per cent. This was the biggest single-session fall since June 13. All 30 Sensex-based blue chip stocks registered sharp losses at close. — PTI
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