Equities end in red, key index below 9,000 (Lead)November 19th, 2008 - 6:51 pm ICT by IANS
Mumbai, Nov 19 (IANS) Despite staying in positive territory throughout the morning, Indian equities markets Wednesday again came under selling pressure to end the day in the red with a key index shedding more than 160 points to stay below the psychologically important 9,000 mark.The 30-share benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) finished at 8,773.78, down 163.42 points or 1.83 percent from its previous close Tuesday at 8,937.20 points.
The Sensex opened some 30 points higher at 8,970.67 points and continued to surge strongly on strong global cues throughout the morning to hit an intra-day high of 9,236.27 points before coming under renewed selling pressure late afternoon to finally end in the red.
The broader-based 50 share S&P CNX Nifty of the National Stock Exchange (NSE) also showed a similar trend and closed at 2635.00, down 48.15 points or 1.79 percent from its previous close at 2683.15 points.
The BSE midcap index closed at 2,998.39, down 61.93 points or 2.02 percent from its previous close at 3,060.32 points.
The BSE smallcap index finished at 3,493.12, down 65.54 points or 1.84 percent from its previous close at 3,558.66 points.