
Selling pressure continued in second rung stocks as companies disappointed in third quarter results. Economic news from the UK were also disappointing. UK’s 2008 GDP growth has been 0.7 per cent, lowest since 1992, confirming the country is in recession.
Bombay Stock Exchange’s Sensex closed at 8,686.45, down 127.39 points or 1.45 per cent. The index touched an intra-day low of 8631.60 and high of 8858.84.
National Stock Exchange’s Nifty ended at 2681.10, down 32.70 points or 1.20 per cent. The index touched an intra-day low of 2661.65 and high of 2765.55.
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