Markets close the year end on a sombre note
Mumbai: With the financial year ending on March 31, the stock markets were very weak. Led by a global crash in technology stocks as a result of the statements made by mutual fund guru, Mr. Mark Mobius that internet stocks were overvalued, the BSE saw a fall of over 500 points in the last four days. The BSE sensex which saw some recovery to close at 5,001 points, a loss of 40 points over its previous close. Mirroring the trend, the NSE CNX index closed at 1,214.40 points, marginally down from its earlier close.
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