BSE closes at 4505 with largest ever fall of 564 pts Monday, May 17 2004 15:57 Hrs (IST)
Mumbai:
The market ended with a largest ever fall of about 564 points in the worst ever volatility, even as the Bombay Stock Exchange (BSE) authorities suspended the trading twice during the first half the session in a bid to mitigate the damage.
The BSE benchmark 30-share index, which had crumbled by about 800 points at the intra-day low of 4,227.50, later staged a smart recovery on the back of heavy purchases by financial institutions before settling at 4,505, still showing a fall of 564 points.
The S&P CNX Nifty was quoted down by a whopping 194.00 points or 12.46 per cent at 1,388.35 at 15.30 hrs (IST) as against previous close of 1,582.40.