Sensex falls over 253 point in early trade

June 16th, 2009 - 1:52 pm ICT by ANI  

Sensex Mumbai, June 16 (ANI): The BSE Sensex fell by over 253 points in early trade Tuesday thanks to the massive selling by foreign funds triggered by an overnight slump in the global markets.

According to stockbrokers reports of an overnight fall in the US markets, mainly dampened the trading sentiment and triggered fresh spell of selling by foreign funds.

The 30-share index, which has lost over 590 points in the last three sessions, moved further down by 253.55 points to 14,621.97 in the first five minutes of trade.

Oil and gas, metals, realty, capital goods and banking stocks were major losers.The Reliance Industries continued its slide and fell 1.01 per cent to Rs 2,158.35, a day after the Bombay High Court’s verdict to supply 28 million cubic metres of gas per day at 2.34 dollar per mmBtuby the RIL for 17 years to Reliance Natural Resources Ltd.Meanwhile following the line of BSE the National Stock Exchange (NSE) has also tumbled 78.05 points, or 1.47 per cent, to 4,405.95.( ANI)

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