Sensex crashes 472 points on inflation data (Third Lead)

June 20th, 2008 - 4:50 pm ICT by IANS  

Mumbai, June 20 (IANS) India’s equity markets made a steep nosedive Friday, with key indices dropping to their lowest levels this year, soon after the government announced inflation had reached 11.05 percent, a 13-year high. The fall continued unbated throughout Friday afternoon. All the sectoral indices were in the red.

At 3:00 p.m., the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was down by 472.14 point or 3.13 percent at 14,615.85. It had earlier touched a low of 14,591.12.

At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was down by 140.95 points or 3.13 percent at 4,363.30.

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