Sen-sex dips down to 317 points really unthinkable

The BSE S&P sen-sex today suffered its biggest single day fall since May 2012 by plunging over 317 points to 19,325.36 - year's lowest level - on all-round selling, amid weak global cues triggered by concerns that US Federal Reserve's policy-tightening moves could hit liquidity. The NSE Nifty also fell below 5,900-level to close at 2-month low of 5,852.25, down 90.80 points or 1.53 per cent. "The Indian markets turned distinctively weak today and closed at the lowest levels in 2013. We believe this was largely due to the weakness in global markets," said Dipen Shah, Head of Private Client Group Research, Kotak Securities. Besides global cues, brokers said, heavy capital outflows happened a week ahead of the Budget on fears of new taxes. Meanwhile, Foreign institutional investors (FIIs) bought shares worth a net Rs 433.59 crore yesterday as per provisional data from the stock exchanges.