Epic Update : Sensex drops 291
There was no relief from freefall as investors%u2019 sentiment was bruised for the second consecutive session Monday on sharp fall in rupee and fears of QE tapering, sending Sensex nearly 300 points down.
The 30-share BSE benchmark crashed more than 1000 points in two days. Today it fell 290.66 points or 1.56 percent to close more than four months low at 18307.52, but it recovered 168 points from day%u2019s low 18139.15.
The Nifty was down 93.10 points or 1.69 percent to 5414.75 after hitting an intraday low of 5360.65, weighed down by banks, auto, telecom, FMCG and oil & gas stocks.