Tuesday, May 4, 2010

Sensex tanks 268 points on Greece debt concerns

STAFF WRITER 9:40 HRS IST

Mumbai, May 5 (PTI) The Bombay Stock Exchange benchmark Sensex today tanked over 268 points to trade below the 17,000- points level in opening trade in line with the meltdown in overseas markets on concerns that Greece's debt crisis could spread to other countries.

The 30-share index, which had lost over 421 points in the previous two sessions, plunged further by 268.31 points, or 1.56 per cent to slump below the 17,000-points level-for the first time since March 5-at 16,868.83 points.

All the sectoral indices, led by metals and realty, were trading in the negative zone with losses up to 2.95 per cent.

Likewise, the wide-based National Stock Exchange index Nifty fell below 5,100-points level to trade at 84.45 points, or 1.64 per cent down at 5,064.05

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