Indian equities on Friday ended the week on a negative note below the psychological 9000-mark. This was Sensex’s lowest closure in a month, joining a global market fall after depressing U.S. economic data indicated a deeper recession that would hurt global economic systems.
The market witnessed heavy selling pressure all through the day with BSE Bankex hit the most.
The top losers among the sectoral indices included Bankex, which lost 3.49%, IT declined 2.69%, Metal lost 2.67%, Tech down 2.21% and Oil & Gas was down by 2.17%.
Washington - Major US stock indices plunged Friday, led by financial shares and sending the Dow Jones Industrial Average to its worst week in three months.
The blue-chip Dow closed at a six-year low and at one point in the day had passed its lowest level during the dotcom crisis of 2002. The index tumbled 6.2 per cent for the week.
Geneva - Shares in UBS tumbled badly Friday, a day after the United States authorities issued a lawsuit against the bank demanding that it hand over about 52,000 names of clients.
At one point in early morning trading the stocks dropped 17 per cent, and ultimately closed the day at 11 Swiss francs, down 14 per cent from its opening price.
The bank, the largest in Switzerland, said it would challenge the US lawsuit.
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Tokyo - The Tokyo s
Indian equities on Friday ended the week on a negative note below the psychological 9000-mark. This was Sensex’s lowest closure in a month, joining a global market fall after depressing U.S. economic data indicated a deeper recession that would hurt global economic systems.
Washington - Major US stock indices plunged Friday, led by financial shares and sending the Dow Jones Industrial Average to its worst week in three months.
Geneva - Shares in UBS tumbled badly Friday, a day after the United States authorities issued a lawsuit against the bank demanding that it hand over about 52,000 names of clients.
