A maturing market amid the mayhem
Market downslide continues, Sensex slips 2 pct
After a relatively lacklustre morning session, the stock market slipped during the last few hours of trade on Tuesday. The benchmark index closed at 8427, down 2.09 percent.
Reliance Industries, which has the heaviest weightage in the Sensex, led the slide and ended with losses of 2.1 percent.
All sectoral indices closed in the negative territory. The consumer durables index was down 3.1 percent while the banking index slipped 2.1 percent.
Some prominent losers included Rolta India (down over 18 percent), Tata Power (down 6.4 percent) and Reliance Communications (down 4.4 percent).
The Sensex slipped below 8,500 on Tuesday amid little hope of something that can boost investor sentiment on the morrow. Where do you see the Sensex by this weekend?