Sensex tumbles by 447 points

MUMBAI: At close on Tuesday, the Sensex was down by 447.07 points at 16,022.48. The Nifty was down by 137.20 points at 4,806.75.

The Bombay Stock Exchange benchmark Sensex had tumbled by over 359 points at mid-session today on heavy selling by funds over concerns that Europe's debt crisis might slow global economic growth.

The Sensex, which had opened lower, fell by 359.62 points to 16,109.93 at 12.30 hrs as stocks in the metal, capital goods, consumer durables and auto sectors suffer losses. The gauge has dropped 10 per cent from its April 7 peak. The broad-based National Stock Exchange index Nifty lost 111.15 points to 4,832.80 at the same time.

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