17 March 2008

Indian Stock Market crashes by 1000 points



India's main stock index fell 6.13 percent on Monday mostly due to panic selling, tailing a global equities rout, with index heavyweights ICICI Bank and Reliance Industries leading the losses.
The benchmark 30-issue BSE index ended down 951 points at 14,809, with all its components losing ground.
The broader 50-issue NSE index Nifty lost 5.4 percent to 4,503.

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