Sensex crashed over 600 pts on Thursday 9th Feb 2008, the news that the Indian economy was likely to grow 8.7% in the current fiscal year slower then the last year’s 9.6% was one of the many reason which lead to the market fall. News is that the sudden selling pressure becoz of basket selling by one swiss bank that according to the market was in trouble because of its huge exposure to the us subprime sector and FIIs selling net shares worth Rs.860 crore on Thursday also added to the selling pressure.

News Source: Times Business