Markets slide after opening in the green (Lead)

February 3rd, 2009 - 1:43 pm ICT by IANS  

SensexMumbai, Feb 3 (IANS) Indian equities markets, which opened strong Tuesday, failed to hold on to the morning’s gains, with a key index ruling around noon a marginal 0.34 percent higher than its last close.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was at 9,097.16 points, 0.34 percent or 30.46 points higher than its previous close. It had opened at 9,128.99 points, higher than its 9,066.7-point close Monday.

At the same time, the broader-based S&P CNX Nifty of the National Stock Exchange (NSE) was at 2,779.35 points, 0.46 percent down than its previous close of 2,766.65.

Broader market indices were down with the BSE midcap index trading 0.73 percent lower and BSE smallcap losing 0.61 percent.

Of the 13-sectoral indices on the BSE, the FMCG and oil and gas indices were up, indicating such stocks were doing better than others.

Leading the gainers’ list on the Sensex at this time were ACC (up 3.9 percent at Rs.512.30), Grasim (up 3.13 percent at Rs.1,227), ITC (up 2.61 percent at Rs.182.55) and Maruti Suzuki (up 2.36 percent at Rs.580).

Among the losing scrips were DLF (down 9.04 percent at Rs.139.35) and Tata Motors (down 4.38 percent at Rs.136.40).

In other Asian markets, a key index of the Tokyo stock exchange, the Nikkei 225 Stock Average was down 0.86 percent at 7,806.46.

The Hang Seng, a key index of the Hong Kong Stock Exchange, rose 0.62 percent over its last close.

US markets closed Monday a mixed bag with the Dow Jones Industrial Average closing at a loss of 64 points, or 0.8 percent at 7,936.75. However, the Nasdaq Composite index gained 18 points, or 1.2 percent, to close at 1,494.43, while the Standard and Poor’s 500 index ended just below - unchanged from Friday’s close - at 825.44.

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