Wednesday, August 1, 2007

Indian stock market crashes

Indian share market felt the global tremor today and crashed pulling a key index down by nearly 500 points on the back of weakness in Asian markets.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down by 494.14 points or 3.18 per cent, at 15,056.85 points over previous day's close at 15,550.99 points. The barometer index opened at 15,344.02 points and continued to dip to 15,023.37 points.
With the US markets sharply down yesterday, similar movements were expected in Asian markets as well and the Indian bourses have followed that trend. But the market fundamentals remain strong.

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