Equities end red, key index down 300 points (Lead)November 12th, 2008 - 6:06 pm ICT by IANS
Mumbai, Nov 12 (IANS) After a sea-saw battle between bulls and bears Wednesday, bears prevailed ultimately and Indian equities markets ended in the red with a key index shedding more than 300 points to remain well below the psychologically important 10,000 mark.The 30-share benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended at 9,536.33, down 303.36 points or 3.08 percent from its previous close Tuesday at 9,839.69 points.
The Sensex opened weak at 9,683.75, down 155.94 points or 1.58 percent and within minutes hit a low of 9,559.33 but recovered thrice to hit an intra-day high of 9,928.60 points only to be pulled down each time to finally reach its closing value.
The broader-based 50 share S&P CNX Nifty of the National Stock Exchange (NSE) also showed a similar trend and finished at 2912.55, down 26.1 points or 0.89 percent from its previous close Tuesday at 2938.65 points.
The BSE midcap index finished at 3,281.27, down 75.43 points or 2.25 percent from its previous close at 3,356.70 points.
The BSE smallcap index ended at 3,813.38, down 74.63 points or 1.92 percent from its previous close at 3,888.01 points.