Sunday, January 30, 2011

Sensex plunges by over 300 points in opening trade

STAFF WRITER 9:37 HRS IST

Mumbai, Jan 31 (PTI) The Bombay Stock Exchange benchmark Sensex plummeted by over 300 points in opening trade today as panicky fund managers and retail investors gave into selling pressure for the fourth consecutive session, prompted by weak global cues amid concerns over the unrest in Egypt.

The 30-share barometer fell by 301.70 points, or 1.68 per cent, to 18,094.27 points in the first few minutes of trade today. The Sensex had lost 755 points in the previous three sessions.

Similarly, the wide-based National Stock Exchange Nifty index declined by 79.55 points, or 1.44 per cent, to 5,432.60.

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