Sensex crashes to two-year low

Sensex crashes to two-year low

The continued world financial crisis and the large outflow of Foreign Institutional funds forced the Bombay Stock Exchange to crash by 725 points and the Sensex plunged to a two-year low of 11,801.70. The National Stock Exchange index Nifty dropped by 215.95 points and closed at 3,602.35.

All the sectoral indices, led by consumer durables goods, metals and realty fell between 3.50 to 11 per cent. The BSE Consumer Durables index suffered the most with a fall of 318.06 points, or 11.01 per cent at 2,569.60.