Sensex plummets after rejection of US bail out package
30 Sep 2008, 1124 Hrs

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Mumbai, Sept 30 As an after-affect of the rejection of the 700-billion dollar bail out package by US House of Representatives, the Bombay Stock Exchange (BSE) benchmark Sensex plunged by 442 points to a two-year low of 12,153 in early trade today.

Within minutes of opening, the BSE Sensex fell mainly in the stocks of banking, metal, realty and IT sectors.

The National Stock Exchange (NSE) index Nifty fell by 135 points or 3.40 per cent at 3715 with all the heavy-weight stocks trading in negative zone.

Major losers in Nifty were Reliance Infra, HDFC bank, Infosys, Satyam Computers, BHEL and Larsen and Toubro. (ANI)