labels: investment - general, bse
Sensex down 223 pointsnews
Our Market Bureau
29 May 2004


Mumbai: The common minimum programme (CMP) of the United Progressive Alliance was released on Thursday after market hours and this caused the sensex to drop sharply on Friday.

At close, the BSE Sensex was down by 223.16 points (4.4 per cent) at 4835.39 and NSE's S&P CNX Nifty fell by 77.65 points (4.8 per cent) to 1,508.75.

The statements made by the finance minister, P. Chidambaram yesterday during market hours also depressed sentiment leading to heavy selling.

The selling of stocks were across the board. Sectors such as banking, power, IT, FMCG and PSUs were all pushed down by the market players.

 

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Sensex down 223 points