Sensex tanks 800 points

STOCK-DownIts bloodbath in Dalal Street today as the Sensex plummeted over 800 points to close at fresh 52-week low of 22,971.83. The plunge was led by losses in realty, power, bank, capital goods, consumer durable, and metal stocks.

Same is the case with Nifty50 which came under pressure in the last 1-1/2 hour of trade, falling 239.35 points to register its fresh 52-week low of 6,976..

Markets were volatile since the beginning a fears of a slowdown in the global economy hit markets worldwide. The quarterly results of SBI and other banks failed to enthuse the markets. State Bank of India fell 2.6%

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