Mumbai, October 15: The BSE benchmark Sensex tanked by over 370 points today on panic selling across counters sparked by Infosys’ disappointing guidance for the rupee exchange value, though its second quarter earnings beat expectations.
The 30-share barometer of the Bombay Stock Exchange ended the day lower by 372.59 points, or 1.82 per cent, at 20,125.05. Taking yesterday’s losses into consideration, the Sensex has lost 560 points in the past two days, erasing the gains made during an unpredictable week.
The BSE Sensitive Index recorded a loss of 0.6 per cent during the week ended October 15, 2010, vis-a-vis its close in the previous week.
The National Stock Exchange’s wide-based 50-share Nifty Index also finished 1.86 per cent down at 6,062.65. The Indian stock market was the worst performer among the major world indices today.
–Agencies