Markets slide into red on poor liquidity

October 1st, 2008 - 1:01 pm ICT by IANS  

SensexMumbai, Oct 1 (IANS) After a day of gains Tuesday when the rest of world markets kept going down, Indian equities markets Wednesday again showed a contrary trend by going into the red even as other world markets bounced back.The complete lack of liquidity in the money markets was being reflected Wednesday after a day’s lag, analysts said.

One hour into trading the 30-share-sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was at 12,728.47, down 131.96 points or 1.03 percent from its previous close Tuesday at 12,860.43.

The broader-based 50 share S&P CNX Nifty index of the National Stock Exchange (NSE) also went into the red and was at 3,873.55, down 47.65 points or 1.22 percent from its previous close Tuesday at 3,938.75.

The BSE mid cap index was at 4,758.67, down 39.62 points or 0.83 percent from its previous close at 4,798.29.

The BSE small cap index was at 5,556.90, down 20.57 points or 0.37 percent from its previous close Tuesday at 5,577.47.

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