Sensex closes below 16000
Tuesday, 22 November 2011
MUMBAI, Nov 21 (Business Standard): Stock markets ended in the red for an eighth consecutive session on Monday tracking weakness in the global markets and selling pressure in index heavyweight Reliance Industries.
Reliance Industries witnessed selling pressure after the Oil Ministry sanctioned taking "scrupulous" action against Reliance Industries for natural gas output from its KG-D6 fields having fallen below the target.
The Sensex ended below the 16,000 mark at 15,946, down 425 points and the Nifty ended at 4,778, down 128 points.
The BSE benchmark index touched the day's high at 16,297 and the day's low at 15,900. ICICI Bank, Infosys and Reliance Industries were the major draggers, accounting for a 147 point loss on the Sensex.