Equities open higher but slip into red

December 3rd, 2008 - 12:52 pm ICT by IANS  

SensexMumbai, Dec 3 (IANS) Indian equities markets opened higher Wednesday on positive global cues but within minutes went into the negative zone and a key index was more than 86 points in the red one hour into trading.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 8,652.36, down 86.88 points or 0.99 percent from its previous close Tuesday at 8,739.24 points.

The broader-based 50-share S&P CNX Nifty of the National Stock Exchange (NSE) also showed a similar trend and was ruling at 2630.35, down 27.45 points or 1.03 percent from its previous close Tuesday at 2657.80 points.

The BSE midcap index was, however, in the green and ruling at 2,820.28, up 14.95 points or 0.53 percent from its previous close Tuesday at 2,805.33 points.

The BSE smallcap too was in the green and was ruling at 3,261.11, up 8.70 points or 0.27 percent from its previous close Tuesday at 3,252.41 points.

Global cues were positive with a key index of the New York Stock Exchange finishing Tuesday with a gain of 4.25 percent and the Nasdaq index also ended 3.70 percent higher.

Asian markets Wednesday were also showing gains with the Nikkei, the key index of the Tokyo Stock Exchange up 0.89 percent and the Hang Seng, the key index of the Hong Kong Stock Exchange was ruling 1.41 percent higher.

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