INDIA-BAG
The Bombay Stock Exchange opened the
week with a fall of almost 4 per cent
29/09/2008 - 15:49
- - EFE News
New Delhi, 29 sep (EFE) .- The Sensex-30 benchmark index of the Bombay Stock Exchange, fell 3.87
per cent today, losing elevation of 13,000 points, weighed down by doubts about the rescue plan
Financial U.S. Government.
The Indian selective, which groups the 30 largest capitalization companies in India, closed the session at
12,595 points, representing a fall of 506 points over the past Friday.
According to market sources, quoted by the agency india IANSA, the decline was due to rumors
indicating that the final amount of the U.S. plan to prevent the crisis from spreading could be significantly
lower than the 700,000 million dollars.
\"There has been little conviction and purchase orders in the Indian market because by the time all the
macroeconomic factors are negative,\" said the head of the agency of capital investment SMC Group,
Jagannadham Thunuguntla, according to IANSA.
The nifty, the index traded securities and technology that is not usually break the outcome of the Sensex,
fell 3.39 percent and closed the session at 3850 units.
The decline in Indian stock market is in addition to those recorded by the main Asian, with the exception
of the Philippines, also closed in the red today.