Sensex Tumbles 302 Pts On Growth Concerns, Weak Global Mkts

The BSE Sensex tumbled 302 points today to 16,151.45 on across-the-board selling amid concerns over economic growth as well as corporate earnings this season and weak markets globally on persisting euro-zone debt crisis.

Realty, metals, banking and capital goods led the fall. All the 13 sectoral indices closed in the red, and 22 of the 30 Sensex scrips ended with sharp to moderate losses.

Analysts said that global investor sentiment dampened after Greece said it would miss deficit targets set by IMF and EU, spurring fears over spread of euro-zone debt crisis.

They said investors were under selling pressure on all round worries over slowdown in the manufacturing sector, high inflation, rising interest rates and continued selling by foreign funds on fears of global economic slowdown.

From: http://ping.fm/qh5xj