Equities end in red, key index down 200 points (Second Lead)

November 25th, 2008 - 5:53 pm ICT by IANS  

Mumbai, Nov 25 (IANS) Bears once again had the last laugh Tuesday as Indian equities markets slipped into the red again late afternoon after being in positive territory for most of the day with a key index closing more than 200 points lower than its previous close Monday.Unrelenting selling pressure at the higher levels led to the markets finally going into the red, analysts said while explaining the market movements.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) finished at 8,695.53, down 207.59 points or 2.33 percent from its previous close Monday at 8,903.12 points.

The Sensex opened strong at 9,160.50, up 257.38 points or 2.89 percent from its previous close Monday and hit an intra-day high of 9,182.80 points before coming under selling pressure again to go well below the psychologically important 9,000 mark and end in the red showing a volatility of nearly 500 points during the day.

The broader-based 50-share S&P CNX Nifty of the National Stock Exchange (NSE), also showed similar volatility and closed at 2,638.65, down 69.6 points or 2.57 percent from its previous close Monday at 2708.25 points.

The BSE midcap closed at 2,872.59, down 29.70 points or 1.02 percent from its previous close Monday at 2,902.29 points.

The BSE smallcap finished at 3,333.42, down 30.54 points or 0.91 percent from its previous close at 3,363.96 points.

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