Market slump continues (Second Lead)

January 12th, 2009 - 3:54 pm ICT by IANS  

SensexMumbai, Jan 12 (IANS) Indian equities markets were still caught in a slump early Monday afternoon, with a key index shedding 2.5 percent over its close Friday.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 2.5 percent or 235.04 points and was trading at 9,171.43 points, about 90 minutes before close.

The Sensex opened at 9,316.33 points Monday, lower than its previous close of 9,406.47.

The broader S&P CNX Nifty index of the National Stock Exchange (NSE) performed similarly and at the same time was trading at 2,776.05 points, 3.35 percent lower.

Other market indices also fell, with BSE’s midcap index trading 1.55 percent lower and the smallcap index shedding 1.15 percent.

Satyam Computer Services continued to trade in the green territory Monday after being battered for most of last week, and was trading at around Rs.36, a gain of more than 52 percent compared to its close Friday.

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