Markets continue to fall (Lead)January 12th, 2009 - 1:40 pm ICT by IANS
Mumbai, Jan 12 (IANS) Indian equities markets, which opened weak Monday, fell further on the basis of weak global markets and a dampened investor confidence continuing from last week. By a little before noon, a key index had fallen 1.95 percent over its close Friday.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 183.09 points Monday and was trading at 9,223.38 points.
The Sensex opened at 9,316.33 points Monday, lower than its previous close of 9,406.47.
The broader S&P CNX Nifty index of the National Stock Exchange (NSE) performed similarly and was trading at 2,799.4 points, 2.54 percent lower.
Other market indices also fell with BSE’s midcap index trading 0.97 percent lower and the smallcap index shedding 0.41 percent.
Satyam Computer Services, which lost its place in the Sensex, made a recovery with the scrip gaining more than 55 percent to trade at Rs. 37-levels as the government stepped in with measures to reconstitute the board.
Major gainers around noon included Jaiprakash Associates (up 2.62 percent at Rs.70.40) and Mahindra and Mahindra (up 1.86 percent at Rs.318.05).
Among top losers were Wipro (down 9.24 percent at Rs.227.50) and Reliance Infra (down 6.65 percent at Rs. 481.95).
Other Asian markets were also trading lower with Nikkei, a key index of the Tokyo Stock Exchange, 0.45 percent lower than its previous close. The Hang Seng, a key index of the Hong Kong Stock Exchange, fell more, and was 1.92 percent lower than its last close.