05-19-2006, 12:43 AM
<b>Bloodbath in stock market as Sensex sees historic fall</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The 'Tragic Thursday' surpasses all previous record falls of over 560 points in May 2004 and April 1992. The index on Thursday settled at 11,391.43, down by 6.76 per cent from last close.
While the loss was initially confined to 600 points, Tata Steel's below-than-expected quarterly earnings dealt a severe blow pushing the index down to the day's low of 11,330.45 - <b>registering an intra-day fall of 887 points</b>.
An unperturbed Finance Minister P Chidambaram declined to comment on the cataclysmic fall, saying "everyday movement in the stock markets does not require a comment." Two days ago, he had termed the 462-point fall as a "technical correction".
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Who is behind? Same happened during Rao rule.
While the loss was initially confined to 600 points, Tata Steel's below-than-expected quarterly earnings dealt a severe blow pushing the index down to the day's low of 11,330.45 - <b>registering an intra-day fall of 887 points</b>.
An unperturbed Finance Minister P Chidambaram declined to comment on the cataclysmic fall, saying "everyday movement in the stock markets does not require a comment." Two days ago, he had termed the 462-point fall as a "technical correction".
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Who is behind? Same happened during Rao rule.