05-18-2006, 11:25 AM
<b>Sensex opens weak, plunges by 542 points </b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->In high volatility, the index fluctuated wildly within a range of 12,163.98 and 11,675.79 as Foreign Institutional Investors (FIIs) continued to pull out from equity.
The Sensex, which had fallen to a low of 11,675.79 at 10.05 am, later recovered modestly and was quoted at 11,719.73 at 10.30 am, still down by a huge 498.08 points from Wednesday's close of 12,217.81.
The National Stock Exchange's Nifty also tumbled by 120 points or 3.3 per cent to 3,515.10 at 10.30 am from previous close of 3,635.10.
All 30 Sensex scrips and 59 Nifty counters were quoted sharply down during the first thirty minutes of trading.
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The Sensex, which had fallen to a low of 11,675.79 at 10.05 am, later recovered modestly and was quoted at 11,719.73 at 10.30 am, still down by a huge 498.08 points from Wednesday's close of 12,217.81.
The National Stock Exchange's Nifty also tumbled by 120 points or 3.3 per cent to 3,515.10 at 10.30 am from previous close of 3,635.10.
All 30 Sensex scrips and 59 Nifty counters were quoted sharply down during the first thirty minutes of trading.
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