Sensex shed 502 points on weak global cues; ICICI Bank, RIL tumble
The market slumped today after reports filtered of seven blasts in Bangalore in afternoon. Weak global cues and profit booking by investors after a recent sharp surge in a short span also weighed on the indices. Index pivotals ICICI Bank and Reliance Industries plunged.
BSE Sensex fell 502.07 points or 3.40% at 14,274.94.
S&P CNX Nifty slipped 121.7 points or 2.74% at 4311.85.
US stocks declined sharply on Thursday, 24 July 2008, after a report showing yet another drop in US home sales prompted investors to take profits in financial shares.
Oil rose above $126 a barrel on Friday, 25 July 2008,
Two persons were killed and several persons have been injured in nine blasts in the Bangalore today afternoon. Although the police have not yet been able to ascertain the cause of the blast, reports suggest that it may be an act of terror.
As per provisional data released by the stock exchanges after trading hours, today, 25 July 2008, Foreign Funds sold shares worth a net Rs 565.73 crore. Domestic funds sold shares worth a net Rs 302.41 crore.
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