Markets close in red on US bailout plan concerns (Lead)September 23rd, 2008 - 6:22 pm ICT by IANS
Mumbai, Sep 23(IANS) Indian equities markets closed in the red Tuesday on concerns that the US bailout plan may not help the Indian economy. Trading was lacklustre and there was no strong selling pressure, analysts said.The 30-share benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) finished at 13,570.31, down 424.65 points or 3.03 percent from its previous close Monday at 13,994.96.
The Sensex erased early losses on short covering, especially in Reliance Industries but then could not sustain the rally and went into the red by close.
The broader based 50-share S&P Nifty index of the National Stock Exchange (NSE) also ended in the red at 4,126.90, down 96.15 or 2.28 percent from its previous close Monday at 4,223.05.
The BSE mid cap index finished at 5,113.31, down 107.65 points or 2.06 percent from its previous close at 5,220.96.
The BSE small cap index closed at 6,092.97, down 101.14 or 1.63 percent against its previous close Monday at 6,194.11.