Friday, March 7, 2008

Downfall in Sensex

SENSEX 15855.61 -686.47
NIFTY 4734.25 -187.15
DJIA 12040.39 -214.60
NASDAQ 2220.50 -52.31
RS/$ 40.29 0.00


Panic struck traders are pushing share prices lower amid talk of the market entering a bear phase with the Nifty and Sensex breaking psychological levels of 4800 and 16000. Even those who were sitting on the sidelines till yesterday waiting for the situation to settle, have started selling stocks as confidence has been completely broken,” said a dealer at a local brokerage. At 1:20 pm, The Nifty was down 247 points or 5.03 per cent a 4674. The Sensex was down 818 points or 4.94 per cent at 15,724.44, near the low of 15,696.45.

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