Markets open weak, go into free fall

October 8th, 2008 - 12:34 pm ICT by IANS  

SensexMumbai, Oct 3(IANS) Indian equities markets opened weak Wednesday and slid deep into red half an hour into trading on reports that multilateral funding agency International Monetary Fund (IMF) considers India vulnerable to the global financial meltdown.Half an hour into trading, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was at 11,029.03, down 666.21 points or 5.70 percent against its previous close at 11,695.24 points.

The broader-based S&P 50-share CNX Nifty of the National Stock Exchange was at 3413.80, down 192.8 points or 5.35 percent from its previous close at 3,606.60.

The BSE midcap index was at 4,001.29, down 255.87 points or 6.01 percent from its previous close Tuesday at 4,257.16 points.

The BSE smallcap index was at 4,731.15, down 245.24 points or 4.93 percent from its previous close Tuesday at 4,976.39 points.

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