Sensex falls for fourth week in a row, tanks 698 pts

Stock Market, BSE and NSE, Monday, August 15th, the 'Independence Day', the account was closed. Increased selling by foreign institutional investors (FIIs) was one of the major reasons for the unrest. 

Over Rs 2,000 crore by foreign institutional investors pulled out this week, for more than seven thousand six hundred crore in August, taking the total so far. 

Enduring European debt problems and suspected U.S. economic data released on Thursday, signaling the slowdown of the world, is going to upset the sentiment around the world. 

Domestic front, high inflation and rising interest rates, which may limit corporate profit growth, continued to weigh on the market. Recession from July 26 to 50 basis points when the Reserve Bank raised key lending rates, the market is high expectations. 

Situation was exacerbated by external factors. RIL, Infosys, ICICI Bank, SBI, Tata Motors, Tata Steel, Jindal Steel, Sterlite, Wipro, Hindalco, Tata Power shares his new 52-week lows as Sensex key logged. Bombay Stock Exchange 30-share bellwether index resumed higher at 17015.99 down to 16,000 but later dipped to a low of 15987.77, a net loss of 697.96 points or 4.14 per cent May 25, 2010, after at 16141.67, the lowest closing before the end of its previous weekend's close.