Markets slide into red after green start (Lead)

May 11th, 2009 - 1:48 pm ICT by IANS  

Sensex Mumbai, May 11 (IANS) Indian equities markets around Monday noon slipped just below the last closing figure, with a key index falling 26 points lower than its previous close as profit booking kicked in.
The 30 scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which had opened at 11,997.37 points, was ruling at 11,849.57 points, 26.86 points or 0.23 percent lower than its previous close last Friday.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) was ruling at 3,611.75 points, 8.95 points lower than its last close.

Broader market indices were also trading in the negative terrain, with the BSE midcap index shedding 0.65 percent, while the BSE smallcap index was down 0.4 percent.

Of the 13 sectoral indices on the BSE, the indices for realty, FMCG and power stocks lost the most, while banking stocks gained.

The market breadth was negative with 995 stocks advancing, 1,129 declining and 99 remaining unchanged.

Top gainers included ICICI Bank, up 3.44 percent at Rs.538.50; ONGC, up 1.88 percent at Rs.899.50; HDFC bank, up 1.12 percent at Rs.1,156.30, and SBI, up 1.09 percent at Rs.1,339.60.

Losers around this time included DLF, down 2.75 percent at Rs.233.80; Hindustan Unilever, down 2.13 percent at Rs.227.95; Jaiprakash Associates, down 2.11 percent at Rs.139.10, and Ranbaxy, down 2.10 percent at Rs.174.40.

In other Asian markets, profit booking saw the Nikkei, a key index of the Tokyo Stock Exchange, sliding into the red but managing to crawl back just above its last close at 9,451.98 points, a rise of 19.15 points.

The Hang Seng, the primary index of the Hong Kong Stock Exchange, was ruling 289.2 points up at 17,679.07 points.

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