Bombay Stocks Tumble
The Sensex falls below 10,000 for the first time since Feb. 17.
Bombay stocks plunged again Tuesday, dropping below 10,000 for the first time since Feb. 17.
The BSE Sensex dropped 256 points to close at 9,957. The index has lost 20% in the last month and is down 21% from its May 11 peak.
Tuesday's losers included
Grasim
, which fell 4.9%,
Hindalco
, down 4.2%, and
Ranbaxy
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, off 3.9%.
Only three of the index's 30 components rose, led by
SBI
, which rose 3.2%.
Patni Computer Systems
shed 2% even as it was reported that the company acquired ZAiQ Technologies of the U.S.
Thermax
declined 5.3% despite orders for power plants in Tamil Nadu, Kolkata and Andhra Pradesh with a total generating capacity of 108 MW.
This story was created through a joint venture between TheStreet.com and IRIS.
