Sensex Turbulance

Has the India growth story run its course for now? That was the thought troubling investors on 8th June 2008, as the 50-share Nifty slumped to an eight-month low and the Sensex dipped below the psychological 15000-mark during the day. All put together, bears appear set to party for a while. On Monday, the Nifty touched an intra-day low of 4411.60, its lowest level since August 31, 2007, when it had fallen to 4403. The index finally settled at 4500.95, down 126.85 points, or nearly 3%, from its previous close. The Sensex saw a low of 14846.18 during the day, its lowest since March 17 this year when it had touched 14738.27. The index ended the day at 15066.10, down 506.08 points. It is a perfect nightmare of high crude prices, high inflation, high interest rates and falling corporate earnings.