Proving Wednesday''s respite was short-lived, the markets were hammered again on Thursday as selling pressure returned with a vengeance to pull down the benchmark Sensex by over 570 points.
The 30-share Sensex, which gained over 700 points yesterday after a series of big losses, again lost 570.51 points at 13,094.11 as metal, realty and banking stocks were battered by investors.
The key index touched a low of 12,934.92 points and a high of 13,530.68 during the day.
The 50-stock National Stock Exchange index Nifty tumbled by 167.60 points at 3,925.75, after touching the day''s low of 3,874.85 and a high of 4,097.35 points.
Marketmen said rising crude prices and continuing political uncertainty cast a shadow on investor sentiment which in any case was bearish. They said investors looked extremely concerned after reports of crude oil touching a record high level of 144.53 dollar a barrel came amid the ongoing political uncertainty over Indo-US nuclear deal.
The 30-share Sensex, which gained over 700 points yesterday after a series of big losses, again lost 570.51 points at 13,094.11 as metal, realty and banking stocks were battered by investors.
The key index touched a low of 12,934.92 points and a high of 13,530.68 during the day.
The 50-stock National Stock Exchange index Nifty tumbled by 167.60 points at 3,925.75, after touching the day''s low of 3,874.85 and a high of 4,097.35 points.
Marketmen said rising crude prices and continuing political uncertainty cast a shadow on investor sentiment which in any case was bearish. They said investors looked extremely concerned after reports of crude oil touching a record high level of 144.53 dollar a barrel came amid the ongoing political uncertainty over Indo-US nuclear deal.
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