Indian markets continue to be sluggish (Lead)
May 4th, 2011 - 1:47 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets was still trading lower around Wednesday noon, having nose-dived in early trade as banking stocks managed to pare some of their intra-day losses. Broader markets too were in the red.
However, the weakness following Tuesday’s rate hike by the Reserve Bank of India continued to dampen the market breadth.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,558.33 points, was ruling at 18,419.36 points, down 115.33 points or 0.62 percent from its previous close at 18,534.69 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange was also trading in the red at 5,519.05 points, down 0.83 percent.
Broader markets were ruling in the negative as well with the BSE midcap index down 0.86 percent and the BSE small cap index down 0.75 percent.
Among the top losers were auto, IT and telecom stocks. Energy scrips were on the rise.
The market breadth was negative with 819 stocks advancing, 1,666 on the decline and 102 remaining unchanged.
Asian markets fell, tracking overnight weakness in the US markets.
The Chinese Shanghai composite index closed 1.83 percent down at 2,878.42 points, while Hong Kong’s Hang Seng was ruling 1.67 percent lower at 23,238.64 points.
The Japanese stock exchange was closed on account of a holiday.
- Sensex closes 74 points lower (Second Lead) - May 04, 2011
- Sensex in red, auto stocks fall in morning trade - May 04, 2011
- Day after rate hike, markets slip a tad more (Roundup) - May 04, 2011
- Sensex weak in early trade - Apr 15, 2011
- Sensex slips into red amid mixed Asian cues (Lead) - May 17, 2011
- Benchmark indices subdued, midcaps rise - Feb 09, 2012
- Sensex slips 136 points, consumer durables, banking stocks lose (Lead) - Mar 28, 2012
- Sensex slips further in noon trade (Lead) - May 25, 2011
- Indian equities markets continue to trade dull (Lead) - May 18, 2011
- Sensex in red, realty, banking under selling - Mar 26, 2012
- Sensex dips sharply in early trade - May 23, 2011
- Sensex subdued in afternoon trade - Jun 06, 2011
- Sensex weak, IT, capital goods under selling pressure - Mar 19, 2012
- Sensex languishes in afternoon trade - Mar 29, 2012
- Sensex gives up early gains, broader markets holding on (Lead) - May 30, 2011
Tags: asian markets, bank of india, benchmark index, bombay stock exchange, bse, cap index, hang seng, indian markets, japanese stock, market breadth, midcap index, national stock exchange, rate hike, reserve bank of india, scrips, sensex, sensitive index, shanghai composite index, telecom stocks, top losers