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Thursday, June 19, 2008

Sensex down 334 pts, closes at 15,088


The Bombay Stock Exchange benchmark Sensex dropped a hefty over 300 points on Thursday, with shares in capital goods, bank and realty segments taking a hit.

The 30-share Sensex, which had lost 275 points in the previous day's trading, tumbled by another 334.32 points at 15,087.99, a level last seen on June 10.

The key index dipping to a low of 15,051.66 and a high of 15,259.36 points.

The second wide-based National Stock Exchange index Nifty dropped by 78.15 points at 4504.25, after touching day's low of 4488.95 and a high of 4585.70 points.

Brokers said selling pressure gathered momentum and said major players were booking profits ahead of tomorrow's inflation data, which they felt might touch double-digit.

Capital goods stocks suffered the most as its index lost 451.64 points at 11,667.69, followed by bank index by 293.26 points at 7013.18. Realty index plunged by 251.18 points at 5634.60, PSU index by 157.47 points at 6524.61, oil and gas index by 147.50 points at 1198.85 and metal index by 119.62 points at 15131.86.

Larsen & Toubro, the country's biggest engineering company and heaviest on the capital goods sector, fell the most in more than two months and ICICI Bank Ltd, a heavyweight on the banking index, fell to its lowest in a week.