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Home -> Finance -> Full Story
Equities lower on foreign media reports of war
Friday, June 7 2002 11:56 Hrs (IST)

Mumbai: Share values opened lower on the Bombay Stock Exchange (BSE) on June 7 following foreign media reports expecting a war between India and Pakistan in two weeks.

Reports in the British media predicting that India would go to war in two weeks, forced wary operators to book profits in their favoured counters. US and UK also raised alarm asking their citizens to leave India due to war scare.

Under the leadership of Infosys Tech, software shares suffered a further setback on the back of sharp downslide on the Wall Street where the Dow Jones Industrial Average and the tech-heavy NASDAQ Composite Index dipped by 172.16 and 40.38 points respectively, registering their lows in the current calendar year.

US chip maker giant, Intel itself reduced its sales forecasts for the second quarter causing concerns in the market.

The BSE-30 share sensitive index resumed lower at 3,246.97 and dropped to a low of 3,221.70 before being quoted 3,225.12 at 10:45 hours (IST) as against a close of 3,259.31.

PTI