Sensex down 223 points
By Our Market Bureau | 29 May 2004
Mumbai:
The common minimum programme (CMP) of the United Progressive
Alliance was released on Thursday after market hours and
this caused the sensex to drop sharply on Friday.
At close, the BSE Sensex was down by 223.16 points (4.4 per cent) at 4835.39 and NSE's S&P CNX Nifty fell by 77.65 points (4.8 per cent) to 1,508.75.
The statements made by the finance minister, P. Chidambaram yesterday during market hours also depressed sentiment leading to heavy selling.
The
selling of stocks were across the board. Sectors such
as banking, power, IT, FMCG and PSUs were all pushed down
by the market players.