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Nifty down 208, Sensex crashes 700 points at closing time

October 18th, 2007

ICICI Bank, Bharti, SBI, Reliance had seen slipping at the end of the show - a clear indicator that the FIIs would be selling. The last few minutes sell off has actually put the whole story into red with the Nifty down 200-odd points and Sensex down 700 points. Surely traders who are looking to close their positions at the end of the day would have bunt their figures.

Reliance Industries Limited announced a decent quarterly results and are well taken by the markets.

TCS got a $1.2 billion deal. The outsourcing deal is for 10 years and is expected to give about 20 to 25 percent margin. The contract gives the option of re-negotating the pricing after 5 years.

Entry Filed under: Equity Markets, Closing Bell