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Sensex crashes by 67 points

MUMBAI MARCH 31. A fresh onslaught by foreign funds trampled stocks and sent the Sensex reeling down to four and half month low at 3048.72 on the Bombay Stock Exchange today as the shadow of a prolonged Gulf war dimmed prospects for global economic recovery. Foreign institutional investors reportedly had stepped up sales at the last session of the fiscal, targeting many of blue chip counters including IT sector.

As a result, the BSE benchmark 30-share index ended sharply lower by 66.72 points at the four-and-half-month low at 3048.72 against last Friday's close of 3115.44, after dipping to the intra-day low of 3039.83.

Heavyweight counters such as RIL, HLL, Infosys Technologies, SBI, Satyam Computer, HCL Technologies and HPCL registered sharp falls on heavy selling by foreign funds, which were believed to have attempted to hammer down prices at the year's last session. — PTI

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