Markets end lower on weak global cues (Roundup)

January 20th, 2009 - 6:32 pm ICT by IANS  

Mumbai, Jan 20 (IANS) Sentiments at Indian equities markets remained depressed Tuesday with a key index closing 2.45 percent lower than its previous close. Global markets too continued to be in a slump.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE), shut shop at 9,100.55 points, down 2.45 percent or 229.02 points from its close Monday according to corrected figures.

The broader S&P CNX Nifty index of the National Stock Exchange also ended in a slump, dropping 1.74 percent from its last close to 2,796.6 points.

Other market indices like the BSE midcap closed in the negative terrain, ending 0.9 percent lower while the BSE smallcap was down 0.36 percent.

Of the 13 sectoral indices on the Sensex, only power and state-owned firms ended in the green while metal and realty stocks came under selling pressure.

Markets were a mixed bag Tuesday with as many as 1,342 stocks declining, 1,018 scrips advancing and 95 remaining unchanged.

Among major gainers were NTPC (up 4.27 percent to close at Rs.185.70), Reliance Infra (up 3.16 percent at Rs.552) and Tata Power (up 1.04 percent at Rs.769.95).

Top losers Monday were Tata Steel (down 6.34 percent to Rs.195), Bharti Airtel (down 4.88 percent at Rs.615.35) and Sterlite Industries (down 4.75 percent at Rs.257.80).

In other Asian markets, the Nikkei, a key index of the Tokyo Stock Exchange, closed 2.31 percent down over its last close while the Hang Seng, a key index of the Hong Kong Stock Exchange, ended 2.85 percent lower than its previous close.

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