Stock Market Updates for Today (18th August '11)
It was a day out in the red on Thursday for several stocks from across various sectors as investors resorted to some heavy selling almost right through the session, tracking global cues.
Worries about the global economy on the back of near term uncertainty in the U.S., lingering concerns about the state of affairs in the euro zone and fears of another rate hike back home despite somewhat easing inflation, all contributed to the sell-off today.
The Sensex, which plunged to 16,433.31, ended the day at 16,469.79 with a big loss of 371.01 points or 2.2%.
The Nifty settled at 4944.15, slightly off the day's low of 4932.15, recording a loss of 112.45 points or 2.22%.
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