Indian equity markets open cautiously after terror strikesNovember 28th, 2008 - 11:44 am ICT by IANS
Mumbai, Nov 28 (IANS) The investor mood was clearly sombre as a key Indian stock market index opened with a loss of 137.54 points when trading resumed for the first time Friday since the terror attacks here in the country’s commercial capital but quickly went into the green.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 8,889.18 points, against the previous close at points 9,026.72. But it quickly climbed to 9,049.95 points - a marginal gain of 23.23 points, or 0.26 percent.
“It was certainly not a panic opening as we had feared,” said an analyst with a leading brokerage here.
“I think, some investors see a trading opportunity here. Also, today also happens to be the settlement day for futures and options - it was deferred by a day - so there could be some short covering.”