Thursday, August 16, 2007

Sensex ends down 643pts; Tata Steel drops 10%

The Sensex opened with a huge negative gap of 416 points at 14,585 on the back of a sell-off in the global markets triggered by the subprime crisis in the US.

The Sensex, after languishing over 500pts lower for most of the trading session, slipped again towards the close to a low of 14,345. The index finally ended with a hefty loss of 643 points at 14,358 - the second biggest loss in absolute terms in history.

HEFTY LOSSES...
Date

Close

Prv Cls

Chg

% Chg

18-May-06 11391.43 12217.81 -826.38 -6.76
16-Aug-07 14358.21 15000.91 -642.70 -4.28
02-Apr-06 12455.37 13072.10 -616.73 -4.72
01-Aug-07 14935.77 15550.99 -615.22 -3.96
17-May-04 4505.16

5069.87

-564.71 -11.14
27-Jul-07 15776.31 15234.57 -541.74 -3.43
28-Feb-07 12938.09 13478.83 -540.74 -4.01
05-Mar-07 12415.04 12886.13 -471.09 -3.66
15-May-06 11822.20 12285.11 -462.91 -3.77
08-Jun-06 9295.81 9756.76 -460.95 -4.72

The BSE Metal index slumped 6.5% to 10,300. The Bankex and Realty index plunged 5.5% each to 7421 and 6980, respectively. The Oil & Gas index hsed 4.5% at 7505. The Auto and FMCG indices dropped over 3% each to 4662 and 1855, respectively.

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