Indian equities marginally in red amidst volatility (Lead)

December 3rd, 2008 - 4:00 pm ICT by IANS  

SensexMumbai, Dec 3 (IANS) Amidst volatility, Indian equities markets were marginally in the red mid-afternoon despite opening higher and twice going into the green only to slide each time.Mid-afternoon, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 8,664.73, down 74.51 points or 0.85 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 2,631.05, down 26.75 points or 1.01 percent from its previous close Tuesday at 2,657.80 points.

The BSE midcap index was, however, in the green and ruling at 2,831.52, up 26.19 points or 0.93 percent from its previous close Tuesday at 2,805.33 points.

The BSE smallcap too was in the green and was ruling at 3,261.65, up 9.24 points or 0.28 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 ending 3.70 percent higher.

Asian markets Wednesday were also showing gains with the Nikkei, the key index of the Tokyo Stock Exchange up 1.79 percent and the Hang Seng, the key index of the Hong Kong Stock Exchange ruling 1.98 percent higher.

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