09-22-2005, 03:27 PM
<b>Sensex down by 266 pts on fears of government probe</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The Bombay Stock Exchange (BSE) Benchmark 30-share Index opened sharply lower at 8,480.62 and later spiralled down to the day's low of 8,186.13 before ending the day at 8,221.64 from Wednesday's close of 8,487.14, a net fall of 265.50 points or 3.13 per cent.
Thursday's fall is the biggest since May 17, 2004 when the Sensex had crashed by 564.71 points
<!--QuoteEnd--><!--QuoteEEnd--><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The market was gripped by fear that the Government and various investigative agencies would probe the abnormal and rapid rise in share prices, particularly in small-cap stocks.
Selling was also sparked off by speculation that offices of some major stock brokers in Gujarat had been raided by Income Tax authorities during the trading
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Thursday's fall is the biggest since May 17, 2004 when the Sensex had crashed by 564.71 points
<!--QuoteEnd--><!--QuoteEEnd--><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The market was gripped by fear that the Government and various investigative agencies would probe the abnormal and rapid rise in share prices, particularly in small-cap stocks.
Selling was also sparked off by speculation that offices of some major stock brokers in Gujarat had been raided by Income Tax authorities during the trading
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