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Sensex plunges down by 557 points

Sensex plunges down by 557 points With banking stocks led by ICICI Bank and HDFC Bank tumbling down today after the Reserve Bank announced further tightening of money supply, the Bombay Stock Exchange 30-share benchmark Sensex fell by 557.57 points

The Sensex went down to the day’s lowest of 13,727.14 points and finally settled at 13,791.54 points. The decline was the biggest fall after July 15.

The wide-based National Stock Exchange index Nifty dropped by 142.25 points to 4,189.85, after touching the day’s low of 4,159.15. Out of the 50 Nifty scrips, 44 counters ended in the red.

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