Sensex nose-dives below 14,000

June 27th, 2008 - 12:22 pm ICT by ANI  

Mumbai, June 27 (ANI): The Bombay Stock Exchange benchmark index, Sensex, on today came down by 502 points or 3.5 per cent in early trade to 13,900 levels early this morning after the crude oil prices hit 140 dollars per barrel.

In the broader markets, Nifty is also down by 150 points or 3.5 per cent to be at 4165.

V.K. Doshi, an Analyst, has said there is a possibility that the market would bounce back for an hour or two.

Reliance Infrastructure, losing 4.5 per cent, is the biggest loser among the BSE-30 scrips. Other major losers in this group are Jaiprakash Associates, Bharti Airtel and Satyam Computers.

Asian markets are also bleeding with South Korea ’s Kospi, Hong Kong’s Hang Seng and Japan ’s Nikkei trading in the red territory by over 2 per cent each. The Singapore Nifty has also dropped 3 per cent.

Tata Motors losing over 7 per cent is the biggest loser among the BSE-30 scrips. Other prominent losers are Wipro, Reliance Infrastructure and HDFC Bank. (ANI)

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