Business News

India's Sensex slump nearly 3 per cent

Jun 8, 2009, 10:40 GMT

New Delhi - India's stock markets slid nearly 3 per cent Monday on profit-taking by investors and negative global cues. The 30-share Sensex index of the Bombay Stock Exchange closed with a loss of 437.63 points, down 2.90 per cent at 14,665.92. The benchmark index slipped in afternoon trading with losses in real estate, infrastructure, metal and banking stocks. The broader 50-share S&P CNX Nifty of the National Stock Exchange was quoted at 4,429.90, a loss of 3.42 per cent. Brokers said investors sold stocks to lock in profits from previous gains after other Asian bourses in Hongkong, Singapore and Taiwan fell.

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