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Favourites hit circuit breaker as markets crash

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CIOL Bureau
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BANGALORE: Indian bourses joined the rest of Asian stock markets early Monday

to react sharply to the great fall of the US stock markets on Friday. Within 60

minutes of its opening on Monday, the Bombay Stock Exchange Sensitive Index

(Sensex) has already fallen by a massive 310.54 points to 4,861.59 against last

Friday’s close of 5,172.13.

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However, it picked up a bit during the day to close at 4,880.71, losing 291.42 points against the previous close. Trading had almost come to a halt on the bourses as most of the favourite scrips hit the circuit breaker soon after the opening of the session. All major IT scrips including Infosys, Satyam, Wipro, hit the circuit breaker.

Japan’s Nikkei Stock Average fell a mammoth 1,793 points on Monday to close

at 18,641.06. High-technology is reported to have suffered the biggest jolt of

them all.

On Friday, the Dow Jones Industrial Average plunged a record 617.78 points to

10,305.77. The Nasdaq Composite Index, which the Indian market has been

following very closely during the last few days, tumbled 355.49 to 3,321.29, the

biggest fall in a single day.

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