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[Stock Lobster]

BL: Stocks Index Falls into `Correction' After Sliding 10% From Peak in April

By Rajhkumar K Shaaw - May 25, 2010

Indian stocks sank, dragging the Bombay Stock Exchange’s Sensitive Index, or Sensex, more than 10 percent below its recent peak.

The Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 298.50, or 1.8 percent, to 16,171.05 at 10:24 a.m. in Mumbai, poised for its lowest close since Feb. 15. The gauge has slid 10 percent from an April 7 peak, a drop some analysts refer to as a correction.

To contact the reporter on this story: Rajhkumar K Shaaw in Mumbai at [e-mail].