Sensex closes at six-week low of 25,743.26
The benchmark index plunged by over 378 points on sustained foreign fund outflows amid continued concerns about the state of the global economy.
The Bombay Stock Exchange Sensex plunged below the 26,000-mark and closed at a six-week low of 25,743.26 points on Tuesday. The National Stock Exchange index Nifty also slipped below the 7,900-level by losing 58.15 points, or 0.73%, to 7,857.05 points, reported the Press Trust of India. The drops meant the Samvat 2071 year of the Hindu calendar ended on a weak note.
The closing represented a Sensex drop of 1,043.97 points or 3.89% from the closing on Samvat 2070, which was on October 22 last year. The NSE Nifty too registered a fall of 212.55 points or 2.65%. In a Samvat year, this is the third worst return given by the Sensex in a decade.
The Bharatiya Janata Party-led National Democratic Alliance's loss in the Bihar polls on Sunday had seen the Sensex fall over 600 points in early trades on Monday. However, it had settled with a loss of just 144 points, or 0.6%, at 26,121 at closing.
