Markets continue to fall amid profit booking (Second Lead)December 23rd, 2008 - 4:07 pm ICT by IANS
Mumbai, Dec 23 (IANS) Indian equities markets continued their downward slide Tuesday amid heavy selling, with a key index trading 2.66 percent down around 2 p.m. from its previous close. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was trading at 9,664.16 points, a fall of 264.19 points or 2.66 percent from its previous close of 9,928.35 points.
Broader S&P CNX Nifty of the National Stock Exchange (NSE) was also going through a slump, trading 2.64 percent lower at 2,959 points.
Broader market indices at the Sensex also dipped with the midcap index falling 2.51 percent and the smallcap index shedding 2.29 percent compared to Monday’s close.
Among Asian markets, the Hang Seng, a key index of the Hong Kong Stock Exchange, fell 3.1 percent.