AFP: Sensex May Touch Below 10K Mark on Thursday Trading
Mumbai (ABC Live): The benchmark Sensex crashed by 787 points in trade on Thursday, due to increased capital outflows by foreign funds caused by weak global cues.
Mumbai (ABC Live): The benchmark Sensex crashed by 787 points in trade on Thursday, due to increased capital outflows by foreign funds caused by weak global cues.
The crash further defies the step taken by the government and the Reserve Bank of India (RBI) of boosting liquidity of Rs 65,000 crore to allay stock markets’ fears have failed to achieve its aim.
The 30-share index, which had lost nearly 674.28 points on Wednesday trading, dropped by 787points, or nearly 7 percent at 10,150.54, a level last seen in June, 2006, because of heavy sell-off by foreign funds in the stocks of banking, metals, capital goods, oil and gas and power sectors.
It seems that Sensex can touch below 10000 in today trading as expert told ABC live.