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Monday, November 12, 2007

Markets fall 170 points


The benchmark Sensex on Monday fell by over 170 points on frantic selling by funds in heavyweight stocks, triggered by weakening global trend.

The Sensex, which has been in a bearish mode in the last few trading sessions, shed another 170.33 points to 18,737.27 after touching the day's low of 18,333.21 points.

The S&P CNX Nifty on the NSE fell by 46.15 points to 5,617.10. It touched the day's low of 5,477.50 and a high of 5,660.60 points.

Selling pressure gathered momentum following a steep fall in other Asian stock markets.

Major pullers were stocks from realty, oil and gas, and information technology segments