A fall in revenues reported by construction giant Larsen and Toubro rattled the stock markets on Thursday. With no broad based support from domestic or global triggers the benchmark sensex of the Bombay Stock Exchange plunged by 423 points or 2.4% arresting a bullish mood in the bourses. Result from state controlled BHEL Ltd also seemed to hurt the market sentiments leaving analysts wondering if blue chips are priced too high.
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The BSE Capital goods Index led the fall with a 5.2% plunge during the day as the Sensex and Nifty slipped by 2.4% each to close the day at 17051 and 5094 respectively.
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