Mumbai, Nov 3 Across-the-board sell-off triggered
by dismal global equity markets pulled down the benchmark CNX
Nifty by another 147.80 points on the NSE today.
The already weakened domestic bourses grasping for some
positive cues came under the grip of heavy selling as cautious
investors preferred to take out profits fearing further
downtrend.
The recent rally in the market had made it more expensive
as it moved head of its fundamental, traders said. The ongoing
results seasons too failed to through any surprises, they
said.
Sharp fall in index heavy-weight, Reliance Industries
which fell by 5.83 per cent also weighed on the market.
The 50-share index resumed at 4,712.25 and touched an
intra-day low of 4,538.50 and high of 4,729.85 before closing
at 4,563.90, a sharp fall of 147.80 points, or 3.14 per cent,
over last close.
From Nifty pack, Suzlon dropped by 12.86%, Hindalco by
10. - (Agencies)
Nov 03, 2009
* Do not use semicolon(;)