Markets slip, recover but still end in red (Lead)

September 17th, 2008 - 5:56 pm ICT by IANS  

SensexMumbai, Sep 17 (IANS) Indian equities markets Wednesday opened flat, fell sharply and then recovered somewhat — but still ended in the red at close of trading.Despite good news that the US central bank had agreed to bail out insurance giant American Insurance Group (AIG), the market showed signs of continuing weakness, analysts said.

At the close of trading, the 30-share benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) fell to 13,262.90, down 255.90 points or 1.89 percent over its previous close of 13,518.80.

The broader based 50-share S&P Nifty of the NSE also fell to finish at 4,008.25, down 66.65 points or 1.64 percent against its previous close Tuesday at 4,074.90.

The BSE mid-cap index also fell 77.62 points or 1.49 percent to close at 5,139.63 points.

The BSE small cap index fell to close at 6,214.75, down 74.66 points or 1.19 percent over its previous close at 6,289.41.

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