Date:26/07/2008 URL: http://www.thehindu.com/2008/07/26/stories/2008072651501500.htm

Business

Blasts take a toll on bourses

MUMBAI: Tremors of Bangalore serial blasts on Friday were felt in stock markets with the benchmark Sensex of the Bombay Stock Exchange tumbling by over 500 points as suspected terror-link to the explosions in the country’s IT hub added to selling pressure triggered by global cues and profit booking after recent five-day upsurge.

Mukesh Ambani-led Reliance Industries and banking giants ICICI Bank, HDFC Bank and HDFC were among the biggest losers, while companies such as Ranbaxy, HUL, Satyam and NTPC bucked the weak trend to close the day higher. The 30-share BSE barometer settled 502.07 points down at 14274.94 points, while the NSE’s 50-share Nifty closed at 4311.85, lower by nearly 122 points. — PTI