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Friday, March 11, 2011

Japanese tsunami hits market, Sensex down by about 154 points - 11th Mar 2011

Indian stocks today survived a tsunami scare with the Bombay Stock Exchange (BSE) benchmark Sensex recouping to some extent day's sharp losses but still ended with a loss of 154 points.

Global equity markets plunged after 33-foot tsunami in Japan caused untold damages and panic-striken investors, already worried about boiling unrest in the Middle-East and Spain debt crisis, resorted to hectic selling.

Japanese benchmark index Nikkei closed down 1.72%, the Chinese Shanghai Composite by 0.73%, and Hong Kong's Hang Seng by 1.55%. Singapore's Strait Times closed lower 1.04%.

The tremors of Japan earthquake were felt across European bourses which were trading lower between 0.39% and 0.92% in their afternoon deals. Read More