Indian stocks dive 2.52 pct

13:11, June 07, 2010      

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Indian main stock index Sensex opened at 17,069.77 points Monday, 47.92 points lower from previous close of 17,117.69 points.

The index tumbled 430.96 points or 2.52 percent in the early trading session and stood at 16.686.73 points after seven minutes of trading amid fresh global concerns on European debt crisis.

All of the sectors saw more than 1.3 percent drop in the early trading session.

Metal, realty, auto and banking sectors headed the plunge, losing 4.02 percent, 3.54 percent, 2.74 percent and 2.63 percent.

Aluminum company Hindalco, property builder DLF, copper maker Sterlite Industries and Tata Steel showed drop of 5.58 percent, 4. 51 percent, 4.42 percent and 3.59 percent, respectively.

However, Reliance Communications makes an exception and gained 2.94 percent, on its board-approved sell of 26 percent shares in a bid to expand business.

Sensex is the common name for the Bombay Stock Exchange Sensitive Index. It consists of the 30 largest and most actively traded stocks, representative of various sectors, on the Bombay Stock Exchange.



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