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Friday, March 11, 2011

Japanese quake leaves Nifty trembling

Indian equity benchmarks shattered on the back of an earthquake in the northeast coast of Japan. The benchmark Sensex shed more than 200 points and the 50-share NSE Nifty slipped below 5450 level at 12:30 hours, dragged down by technology, metal, auto, realty, telecom, infrastructure and financial stocks. Reliance Industries too was down.

According to Reuters, a massive 8.8 magnitude quake hit the northeast coast of Japan on Friday, shaking buildings in the capital Tokyo, causing many injuries, at least one fire and triggering a four-metre (13-ft) tsunami, NHK television and witnesses reported.

The Nikkei 225 average closed down 1.7% at 10,254.43 points after the earthquake struck. India Tsunami Centre says there are no local alerts yet in wake of Japanese quake.

to read more:http://www.in.com/news/current-affairs/fullstory-japanese-quake-leaves-nifty-trembling-18046936-4966234b7b199531e3a3acea74980bbd30307b6c-rhp.html

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