Bleak start to the week for equities markets (Lead)

December 29th, 2008 - 2:02 pm ICT by IANS  

SensexMumbai, Dec 29 (IANS) Indian equities markets made a disappointing start to the week as a key index fell more than 140 points by around noon Monday.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was trading at 9,185.95 points, a fall of 145.09 points or 1.56 percent from its previous close of 9,328.92 points.

Analysts feel that the markets are still in a correction mode given the bleak economic outlook across the globe.

Top gainers at the Sensex were Satyam Computer and Ranbaxy Laboratories.

The broader S&P CNX Nifty index of the National Stock Exchange (NSE) also fell and was trading at 2,825.15 points, about 32.10 points or 1.12 percent lower than Friday’s close.

The BSE midcap index also lost 0.86 percent from Friday’s close, while the smallcap index was down 1.11 percent.

Other Asian markets were sluggish, with the Nikkei, a key index of the Tokyo Stock Exchange, trading at almost the same levels as its previous close of 8,739.17 points.

The Hang Seng, a key index of the Hong Kong Stock Exchange, rose 0.15 percent.

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