The Sensex at the Bombay Stock Exchange opened 190 points, or 1.1 per cent lower, at 16,631, in opening trade, this morning, as investors resorted to profit-booking, amid falling global markets. But later, after losing more than 240 points at one stage, the Sensex staged a good recovery and stood just 64 points, or 0.4 percent in negative territory, at 16,757 in afternoon deals, a short while ago. The 30-share Sensex had surged more than 970 points in the past three trading sessions. Other Asian markets lost more ground, with the key stock indices in Japan, Hong Kong, Taiwan, South Korea, Singapore and China down by between 1.6 percent and 4.4 percent, today, with financial stocks and exporters posting heavy losses. Stocks fell, after a disappointing US jobs report revived concerns about the health of the global economy. Over in the US, the Dow Jones Industrial Average had plunged 2.2 per cent, on Friday.
News On AIR | September 5, 2011 2:30 PM
Sensex loses more than 160 pts, as global markets fall