A host of local and global factors combined to pull the sensex down by 478 points to 17,446 on Monday, its biggest single-day fall in over five months, on a day when most global markets also remained weak. Rising oil prices with the NYMEX crude near $110 per barrel level, uncertainty surrounding the outcome of the ensuing state elections in India and profit taking by local investors after a twomonth rally, led the market’s slide that wiped out nearly Rs 1.7 lakh crore worth of investors’ wealth. The day’s sharp slide came despite continuing buying by foreign investors with the day’s turnover showing a net inflow of about Rs 330 crore, BSE data showed.
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