BSE India sensex tumbled by 502 points, or 3% and closed at 15,982

MUMBAI, Jan 30 (www.GoldTradingCalls.com) In high volatility, the Bombay Stock Exchange benchmark Sensex tumbled by 502 points, or 3%, this week on heavy selling after fears of  tightening of monetary policy and regulations for US banks to invest in equities.

Worries of tightening of monetary policy reduced temporarily when the Reserve Bank of India left key interest rates unchanged while raising the cash reserve ratio (CRR) by 75 basis  points.

The BSE benchmark Sensex fell below 16K-mark to 15,982.08 during the week, a level not seen since November 4, 2009. It ended at 16,357.96 as against last weekend’s level of 16,859.68, a net loss of 501.72 points or 2.98%.

The Sensex dropped by more than 1,196.34 points or 6.82% in the past two weeks.

The NSE 50-share Nifty also dipped by 153.95 points or 3.06% to end the week below 5K-mark at 4,882.05 as against last weekend’s level of 5,036.00.

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