04-16-2005, 12:23 AM
<b>Rs 50,000 crore sink with Sensex</b>!<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Investors on Friday lost a staggering Rs 50,000 crore (Rs 500 billion) in the stock markets as prices of most of the blue-chip shares fell sharply pulling down the Sensex by 220 points, the single largest fall since May 2004.<!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The total m-cap at BSE plunged by Rs 50,000 crore to Rs 18,82,779 crore (18,827.79 billion) while the value of Sensex scrips fell by Rs 24,000 crore (Rs 240 billion) to Rs 6,98,666 crore (Rs 6986.66 billion).
The BSE-200 Index nosedived to 841.38 from the previous close of 867.43 while Dollex-200 were quoted sharply down at 319.60 compared to previous close of 330.10.
The BSE-500 Index fell by 80.48 points to 2664.81 from Wednesday's close of 2745.29 and the Dollex-30 ended lower at 1170.41 from 1213.75.
Among the sectoral indices, the BSE-IT Index nosedived by 160.20 points to 2434.47 from the previous close of 2594.67, the Bankex by 115.77 points to 3771.08 from 3886.85 and the BSE-Metal Index by 291.35 points or 4.67 per cent to 5947.98 from 6239.33.
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<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The total m-cap at BSE plunged by Rs 50,000 crore to Rs 18,82,779 crore (18,827.79 billion) while the value of Sensex scrips fell by Rs 24,000 crore (Rs 240 billion) to Rs 6,98,666 crore (Rs 6986.66 billion).
The BSE-200 Index nosedived to 841.38 from the previous close of 867.43 while Dollex-200 were quoted sharply down at 319.60 compared to previous close of 330.10.
The BSE-500 Index fell by 80.48 points to 2664.81 from Wednesday's close of 2745.29 and the Dollex-30 ended lower at 1170.41 from 1213.75.
Among the sectoral indices, the BSE-IT Index nosedived by 160.20 points to 2434.47 from the previous close of 2594.67, the Bankex by 115.77 points to 3771.08 from 3886.85 and the BSE-Metal Index by 291.35 points or 4.67 per cent to 5947.98 from 6239.33.
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