Sensex ends down 687pts, Ranbaxy zooms 5%
Following yesterday's late selling, the Sensex opened with a negative gap of 121 points at 19,580. After exhibiting weakness in morning trades, the index touched a high of 19,716.... only to slip to lower levels.
Relentless selling in the last one hour of trades saw the index tumble to a low of 18,930 - down 786 points from the day's high. The Sensex finally ended with a hefty loss of 3.5% (687 points) at 19,014. The index thus shed 8.7% (1,813 points) during the week - the sharpest-ever continuous drop since inception.
The NSE Nifty plunged 3.5% (208 points) to 5,705 today.
Market capitalisation declined over Rs 500,000 crore over the last one week. The total market capitalisation of actively traded stocks on the BSE declined by Rs 530,444 crore from Rs 71,75,275 crore a week ago to Rs 66,44,831 crore today. .................