Snapping its three-day rising streak, the BSE-benchmark Sensex on Tuesday, toppled by over 370 points, as major market players squared off pending positions ahead of the expiry of April contracts in derivatives.
The BSE Sensex closed today lower by 370.10 points at 11,001.75 while, NSE Nifty ended down by 107.65 points at 3,362.35. The Sensex touched intraday high of 11,375.97 and intraday low of 10,961.75.
New York - Major US stock indices fell for a second straight day Tuesday as concerns over the economic impact of a growing swine- flu outbreak and the state of US banks overshadowed a massive jump in consumer confidence.
There were 64 confirmed cases of swine flu in five US states, and alerts have been raised across the globe. In Mexico, where the outbreak originated, more than 150 people have died of an influenza- type illness.
Delta Air Lines Inc led a drop in travel shares on Wall Street.
The BSE-benchmark-Sensex gained for the third day in a row after an extremely volatile session as investors took calculative steps ahead of F&O expiry on 29th April 2009.
In the morning, the domestic market opened on negative note tracking weak cues from the Asian markets. But during mid-session, the market gathered decent momentum to touch day's high on significant buying across the board.
However, despite sharp come back, market was not able to hold the same impulse and slipped again, on profit booking.
The benchmark indices closed on a flat note after an extremely volatile and choppy session ahead of expiry. Stocks around the world declined as the Swine Flu outbreak extended beyond Mexico and the U. S., prompting concern of a pandemic and forcing Asian countries to screen travelers.