Markets crash as DMK quits UPA
Mumbai, March 19, 2013 (IANS)
Indian equities crashed Tuesday morning, minutes after the DMK quit the ruling United Progressive Alliance (UPA) over the Sri Lankan issue.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher Tuesday at 19,345.91 points against the last close at 19,293.20 points. But soon after the news of the pullout, it crashed to 18,939.47 points, an intra-day fall of over 400 points.
The key index saw some volatile movement and was quoting at 19,066.25 points before noon, with a loss of 226.95 points, or 1.18 percent, over the previous day's close.
Sri Lanka is under attack over the death of a large number of Tamil civilians during the final stages of the war that crushed the Liberation Tigers of Tamil Eelam (LTTE) in 2009.
