Key Indian market index slips by over 600 points

March 31st, 2008 - 3:05 pm ICT by admin  

A file-photo of Sensex
(Second Lead)

Mumbai, March 31 (IANS) The Indian equities market extended its losses in afternoon trade Monday on fresh selling in index pivotals. Market sentiment was also dampened on reports that the Institute of Chartered Accountants of India (ICAI) has asked companies to disclose losses reflecting its current value from the current fiscal.

The BSE Sensex dipped below the 16,000 mark early Monday afternoon, as 28 stocks from the 30-member Sensex pack declined. IT pivotals extended their early fall on fresh selling pressure.

Despite the sharp fall, the market breadth was positive.

At 1.00 p.m. Monday, the 30-share BSE Sensex was down 630.23 points at 15,741.06. It had opened at 16,226.66.

At the same tome the broader-based S&P CNX Nifty was down 158.05 points or 3.20 percent at 4,783.95.

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