Sensex slips below 17,000 mark
Friday, 7 May 2010
MUMBAI, May 6 (Business Standard): The Sensex opened at 17,080 and slipped below the 17,000 mark on falling metal stocks.
Asian cues, especially Shanghai, dragged the index further to a low of 16,823 - down 265 points. The market, thereafter, staged a recovery and managed to end at 16,988 - down 100 points.
The Nifty ended at 5,091 - down 34 points.
Fears of a sovereign debt issue across the globe was seen as US markets ended in red. Asian markets also traded weak, with Nikkei falling 3.2 per cent after a week-long gap. Worries that Greece's crisis will not be over soon dampened sentiments.
Asian cues, especially Shanghai, dragged the index further to a low of 16,823 - down 265 points. The market, thereafter, staged a recovery and managed to end at 16,988 - down 100 points.
The Nifty ended at 5,091 - down 34 points.
Fears of a sovereign debt issue across the globe was seen as US markets ended in red. Asian markets also traded weak, with Nikkei falling 3.2 per cent after a week-long gap. Worries that Greece's crisis will not be over soon dampened sentiments.