Sensex plunges 449 Points; Realty Stocks tank

Mumbai, June 3 (IANS): A benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), which crashed by 660 points on Tuesday, again plunged 449.39 points or 1.65 percent in the afternoon session on Wednesday.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 123 points or 1.49 percent down at 8,113.45 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 27,230.68 points, was trading at 26,738.99 points (at 12.23 p.m.) down 449.39 points or 1.65 percent from the previous day’s close at 27,188.38 points.

The Sensex has touched a high of 27,276.22 points and a low of 26,698.26 points in the intra-day trade so far. In the 12 sector-based indices of the BSE heavy selling was observed in realty, fast moving consumer goods (FMCG), power and consumer durables sectors.

The S&P BSE realty index plunged by 8.31 percent, FMCG index dropped by 3.86 percent, power index fell by 2.92 percent and consumer durables index went down by 2.54 percent.