23 May 2011

Sensex down 300 Points

Weak global cues and rally in dollar dragged the Sensex below 18000 levels. Earning woes were kicked off by engineering heavyweight BHEL for this week. Concerns over Greece debt was weighing heavily on the global markets. Dollar index has now crossed important resistance level of 76.

sensex down
At 14.36 , the Sensex down 323.91 points or 1.77% at 18002.18, and the Nifty was down 102.60 points or 1.87% at 5383.75. About 732 shares advanced, 1980 shares declined, and 930 shares remain unchanged.

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