Sensex tumbles 769 pts on possible fall in foreign investment

The Bombay Stock Exchanges 30-share index tumbled 769 points on Monday over fears of foreign investment will slow down in the wake of rising inflation in the US.

Mumbai, Dec.17 : The Bombay Stock Exchange's 30-share index tumbled 769 points on Monday over fears of foreign investment will slow down in the wake of rising inflation in the US.

The BSE 30-share index fell by 769.48 points to 19,261.35 as most heavy-weight shares in metal, refinery, capital goods and banking shares declined.

It touched the day's high of 20,032.67 and low of 19,177.19 points.

The National Stock Exchange index, Nifty, also slipped by 270.70 points to 5,777, after touching the day's high of 6,039.95 and low of 5,740.60 points.

Trading sentiments turned weak following a fall in global stock markets.

In the US, the Standard and Poor's 500 Index dropped 1.4 percent on Friday, which pulled down most Asian stock markets on Monday morning.

The metal stocks melted the most by plunging 1,438.50 points at 18,324.50, followed by capital goods index by 733.37 points at 19,129.14.

Realty index fell by 701.10 points at 11,699.36.

PSU index lost 567.95 points at 9,511.13, oil and gas index by 666.23 points at 12,314.72, bank index by 416.25 points at 10,919.22 and power index by 212.85 points at 4,222.68.

ANI