India’s key market index loses over 700 points

March 31st, 2008 - 6:05 pm ICT by admin  

A file-photo of Sensex
(Third Lead)

Mumbai, March 31 (IANS) The Indian equities market ended Monday with a huge loss, with the benchmark index closing over 700 points in the red. The Sensex, the 30-share bellwether index of the Bombay Stock Exchange, closed at 15,6444.44, having lost 726.85 points from its 16,266.66 opening.

Similarly, the S&P Nifty of the National Stock Exchange closed at 4,734.50, having lost 207.5 points.

Among the top index losers were HDFC, down 10 percent; HDFC Bank and ICICI Bank, down 7.5 percent; and DLF and ONGC, down 7 percent.

The IT index and bankex were down 6 percent each; metal, oil and realty indices were down over 4 percent.

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