Sensex Losts 1,814 Points In Last Five Trading Sessions
The Bombay Stock Exchange benchmark Sensex on Friday registered its fourth major fall as it lost 687 points on the back of heavy selling by funds, actuated by imperfect global signs and growing inflation.
During the day, the 30-share index fell below the 19,000 point mark.
The Sensex, which continued to trade weakly from last few days, lost 687.12 points to close the week at 19,013.70.
This is the fourth largest decline in absolute terms in the history of stock market after the loss of 826 points on May 18, 2006, 769.48 points on December 17, 2007 and 717.43 points on October 17, 2007.
In the first week of the year 2008, inflation rate grew by 3.79 per cent.
The Sensex has lost more than 1,814 points in last five trading session.
On the other hand, the second wide-based National Stock Exchange index Nifty lost 207.90 points to 5,705.30, after dipping to 5,677 points during the day.
Asian and European markets were sharply down in proportion to a sharp reduction in the US Wall Street and Nasdaq. American stocks tumbled on concerns that rising inflation may prevent the Federal Reserve from lowering interest rates.