Markets slide on US bailout plan rejectionSeptember 30th, 2008 - 12:57 pm ICT by IANS
Mumbai, Sep 30 (IANS) With Indian Finance Minister P. Chidambaram hurriedly calling a press briefing on the financial crisis, investor nerves were somewhat calmed as Indian equities markets opened very weak only to recover somewhat, but remained in the red 45 minutes into trading Tuesday morning.With the US House of Representatives rejecting the $700 billion bailout plan, markets opened jittery, analysts said.
Some 45 minutes into trading the 30-share benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was at 12,401.92, down 193.83 points or 1.54 percent from its previous close Monday at 12,595.75.
The broader-based 50 share S&P CNX NIFTY was at 3793.30, down 56.75 points or 1.47 percent from its previous close at 3850.05.
The BSE mid cap index was at 4,584.15, down 145.18 points or 3.07 percent against its previous close Monday.
The BSE small cap index was at 5,345.47, down 207.56 points or 3.74 percent from its previous close Monday.