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Sensex hits 3-1/2 month low BloombergUTV

25.05.10

The key benchmark indices tumbled to their lowest level in more than three months as world stocks slumped amid tensions in Korea as well as anxiety over global debt levels and sovereign default fears. The BSE 30-share Sensex was provisionally down 451.58 points or 2.74%, up close to 60 points from the day's low and off close to 425 points from the day's high. The BSE Sensex regained the psychological 16,000 mark soon after falling below that mark in late trade.

Today's decline on the domestic bourses was broad based. All the sectoral indices on BSE were in the red. The market breadth was weak.

The market opened on a weak note tracking lower Asian stocks. The market extended losses with the Sensex tumbling to its lowest level in 3 months in mid-morning trade. After a brief recovery, the market weakened again in early afternoon trade. The Sensex hit a fresh 3-month low in early afternoon trade. Weakness continued in afternoon trade as weak opening of European market further dampened

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