Indian equities close in red on general nervousness (Second lead)October 22nd, 2008 - 6:07 pm ICT by IANS
Mumbai, Oct 22 (IANS) After two successive days of gains, Indian equities markets once again closed in the red Wednesday following weak global cues and general nervousness, analysts said.The benchmark 30-share sensitive index (Sensex) of the Bombay Stock Exchange finished at 10,169.90, down 513.49 points or 4.81 percent from its previous close Tuesday at 10,683.39 points.
The Sensex opened weak at 10,455.23 points, down 228.16 points or 2.14 percent from its previous close Tuesday, touched a high of 10,484.85 before sliding steadily.
The broader 50-share S&P CNX Nifty index of the National Stock Exchange (NSE) also showed a similar trend - opened weak, down nearly 50 points and dipped to shed nearly 150 points before beginning a weak recovery only to slide again to end at 3065.15, down 169.75 points or 5.25 percent from its previous close Tuesday at 3234.90 points.
Both midcap and smallcap stocks were also in the red reflecting a general nervousness pervading the market.
The BSE midcap index closed at 3,490.39, down 96.85 points or 2.70 percent from its previous close Tuesday at 3,587.24 points.
The BSE smallcap index finished at 4,111.69, down 84.59 points or 2.02 percent from its previous close at 4,196.28 points.