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Market Update : 
India Plunges On Political Worries
Author: Elena Todorova
123jump.com
Last Update: 10:49 AM EDT July 07 2006


News that the Indian government may fall led by a decision not to proceed with selling stakes in state-run firms disturbed the trading. The market was gripped in a sell-off after the government suspended all divestments as a key ally threatened to pull out of the ruling coalition. A rebound in ICICI Bank supported by a large block deal, at the end of session, aided recovery in the Sensex after it had lost over 300 points in late trade.

 

 

 

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