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Reply #11: India's benchmark index drops 3.2 percent [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-06-06 05:25 AM
Response to Reply #10
11. India's benchmark index drops 3.2 percent
BOMBAY, India - Indian shares tumbled Tuesday, with the benchmark index dropping as much as 3.2 percent and slipping below the 10,000 mark as investors reacted to declines in global markets and a hike in domestic fuel prices.

The 30-company benchmark index of the Bombay Stock Exchange, the Sensex, fell 328 points to as low as 9,885 in early trading. On the rival National Stock Exchange, the 50-share S&P Nifty index slipped 107 points, or 3.5 percent, to 2,910.

The drop follows a 2.3 drop in the Sensex on Monday and continues the market's slide since early May. Investors were edgy due to steep drops in U.S. and Asian markets, like Japan.

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