Mumbai, Nov 26 (PTI) The benchmark Sensex today tanked over 340 points to close below the crucial 17,000 points level on all-round selling sparked by a meltdown in Chinese stocks.
Brokers said a sudden bout selling emerged in the derivatives and cash segments on roll-over of positions a day ahead of the expiry of futures contract.
Attributing today's fall to negative global cues, brokerage company Hightech Securities Director Sanjeev Bhambri said the market is getting resistance above 17,000 mark and has a strong support at 16,600 level.
The market plunged in the afternoon trade as the Shanghai Composite tumbled by 3.62 per cent on panic selling sparked by fears about government actions against rising asset prices.
Reliance Industries, the heaviest on the Sensex, fell by nearly 3 per cent from its ex-bonus price against its last close of Rs 2,193.75. ICICI Bank dipped by 3.
Thursday, November 26, 2009
Sensex ducks below 17K level on Chinese factor
STAFF WRITER 17:3 HRS IST
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