Stock Market

Sensex down 572 points in early trade
Posted March 10th, 2008 by Mohit Joshi

* Stock Markets
* India
* Mumbai

Sensex down 572 points in early tradeMumbai, Mar 10: The Bombay Stock Exchange (BSE) benchmark Sensex lost 572 points and was pegged at 15,404 in early trade today on selling by funds in heavy-weight stocks, led by capital goods.

The National Stock Exchange (NSE) Nifty is down by 135 points at 4,636.

Stocks opened sharply lower today, extending losses in markets overseas as prospects of a US recession and worsening global credit conditions taunted investors.

Sectorwise, capital goods, real estate and banking shares were the worst hit.
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Sensex dips by over 500 points
Posted March 7th, 2008 by Mohit Joshi

* Stock Markets
* India
* Mumbai

Sensex dips by over 500 pointsMumbai, Mar 7: The Sensex shed 3.5 per cent or 578 points in early morning trading on Friday and when reports last came in, it was pegged at 15,964 due to extremely weak global cues.

Asian markets were also sharply down following a fresh slide in American stocks yesterday as a number of the US mortgage delinquencies and foreclosures continued to rise in the fourth quarter

In the broader markets, the Nifty is in red by 166 points or 3.4 per cent. It is trading at 4,755 levels. Selling is evident in real estate, banking and information technology counters.