The Sensex closed at 14,809.49 points at the end of today's trading, which saw an intra-day loss of 1,022 points. This represents a gain of 13.3 per cent over its level at the end of last fiscal ended March, 2007.
And oil tumbles?
Oil fell by $7 a barrel after soaring to a new record of $111.80 on the Nymex exchange in New York. Oil products, such as heating oil and petrol, also lost ground, following the crude price – which lost 6 per cent of its value in only a few hours of trading - lower.In both cases the prices/points went way up (really way up) in last few years. A tumble from $111.80 to $104 is not really a tumble. Less than $50 is tumble...or even $75.
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