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Yet another Black Monday as Sensex sheds 463 points
Tribune News Service and PTI

Mumbai, May 15
The bottom fell out of the country’s stock market, whose benchmark Sensex lost 463 points today, as there was a rush of selling by investors following a meltdown in metal prices as also key global markets.

The fall, the third largest in the history of the Bombay Stock Exchange (BSE), took the market bellwether to a one month low of 11,822.20 points and evoked memories of “black Monday”.

The Sensex had registered the biggest-ever fall of 570 points on April 28, 1992, which happened to be a Monday.

It fell by 565 points, its second biggest fall, on May 17, 2004, also on a Monday.

The 30-share Sensitive Index (Sensex) crumpled to the day’s low of 11,770.76 before ending the day at 11,822.20 from Friday’s close of 12,285.11, a fall of 462.91 points or 3.77 per cent.

The index has adjusted to a downward correction by a huge 790 points in the three consecutive trading sessions.

The National Stock Exchange’s (NSE) S&P CNX Nifty also nosedived by 147.10 points or 4.03 per cent to close at 3,502.95 from last weekend’s close of 3,650.05.

The fall comes on the eve of a few big IPOs like DLF and Air Deccan.

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