Equities open weak, stay red on global cuesNovember 6th, 2008 - 12:52 pm ICT by IANS
Mumbai, Nov 6 (IANS) Following the global trend, Indian equities markets opened weak Thursday and stayed in the red 45 minutes into trading.The 30-share benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 9,884.59, down 235.42 points or 2.33 percent from its previous close Wednesday at 10,120.01 points.
The market had opened even weaker at 9,755.03 points, down 364.98 points or 3.6 percent from its previous close Wednesday and soon touched a low of 9,648.16 before recovering somewhat.
The broader-based 50-share S&P CNX Nifty index of the National Stock Exchange (NSE) also opened weak and was ruling at 2,934.70, down 60.25 points or 2.01 percent from its previous close at 2,994.95 points.
The BSE midcap index was at 3,324.52, down 70.09 points or 2.06 percent from its previous close at 3,394.61 points.
The BSE smallcap index was ruling at 3,883.71, down 81.07 points or 2.04 percent from its previous close at 3,964.78 points.
The New York Stock Exchange and the Nasdaq had closed Wednesday down 5.25 percent and 5.53 percent respectively.
Other Asian markets were in the red Thursday before the Indian markets opened. The Nikkei, key index of the Tokyo Stock Exchange, was down 5.63 percent. The Hang Seng, key index of the Hong Kong Stock Exchange, was also down 6.41 percent.
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