Sensex slumps to 14,666 on profit-selling
The Sensex, the benchmark of Bombay Stock Exchange (BSE), after 13 successive weeks of upward mobility and touching the 15,000 mark, suffered a loss of 437.63 points to end at14,665.92. The fall was the third-highest after those of January 7 and March 30.
Similarly, the 50-share National Stock Exchange (NSE) index Nifty dropped by 157.00 points to 4,429.90.
Only information technology stocks were in positive territory following a firming dollar. Analysts said the selling was more confined to sectors which had recorded handsome gains in recent times. Metal, Banking and Realty stocks suffered hefty losses.