Sensex continues weak trend
Mumbai: Continuing the weak trend of the past few days, the BSE Sensex plummeted by over 200 points in the intra day movement on the apprehension in global markets that technology stocks are highly overvalued. Earlier, the Nasdaq had fallen by over four per cent on the statements made by Mr. Mark Mobius that internet related stocks had been highly overvalued and that the time had come for their prices to crash. As result of this, most infotech stocks on the Indian bourses also fell during the day. Dealers on the market, however, felt that the fall was only temporary and the announcement of final results by the companies would bring these stocks back to life.

However, sustained buying on the Reliance counter saw the index move up to close at 5,041.68, a loss of 61.38 points over the previous close.

At the NSE, the index closed at 1,549.50, a loss of 8.75 points over its previous close.
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