Share Market suffers Fall


Mumbai: Yesterday was a exception as share indices fell again. Indian shares fell nearly 2 per cent, as selling by foreign investors continued amid worries that a likely weak monsoon may delay key reforms and further cut in borrowing costs. As a result NSE index broke the psychologically important 8,000 level intraday for the first time in over a month. Stocks gave up gains made in the previous session after index compiler MSCI Inc delayed the inclusion of Chinese domestic shares in its emerging markets index,
keeping India and other markets’ weightage intact in the index.

The 30-share BSE index Sensex plunged 469.52 points or 1.75 per cent to 26,370.98 and the 50-share NSE index Nifty dropped
159.1 points or 1.96 per cent to 7,965.35.All BSE sectoral indices ended in the red.