Markets dull moments before Mukherjee presents interim budget (Lead)

February 16th, 2009 - 12:36 pm ICT by IANS  

SensexMumbai, Feb 16 (IANS) Indian equities were trading on a dull note in the run-up to the interim budget Monday. A key index was ruling 0.75 percent lower than its last close about an hour into trade.

The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) opened at 9,637.04 points, marginally higher than its 9,634.74 point close Friday. About an hour into trade, it was at 9,561.36 points, 0.75 percent or 73.88 points lower than its previous close.

At the same time, the S&P CNX Nifty index of the National Stock Exchange (NSE) was at 2,924.8 points, 0.8 percent lower than its previous close of 2,948.35 points.

The BSE midcap index was 0.33 percent higher, while the BSE smallcap index was up 0.77 percent.

Of the 13 sectoral indices on the BSE, the realty stocks gained the most.

Leading the gainers’ list on the Sensex at this time were DLF (up 4.02 percent to Rs.167.05), Tata Motors (up 2.76 percent to Rs.141.65), Mahindra and Mahindra (up 2.35 percent to Rs.328.50) and Grasim (up 1.9 percent to Rs.1,392).

Among losers were HDFC (down 2.8 percent at Rs.919), SBI (down 1.93 percent at Rs.1,171) and Sterlite (down 1.58 percent at Rs.271.15).

In other Asian markets, a key Japanese index, the Nikkei of the Tokyo Stock Exchange, was ruling at 7,767.41 points, 0.15 percent lower than its previous close.

The Hang Seng, a key index of the Hong Kong Stock Exchange, was trading 1.71 percent down.

In the US, the blue-chip Dow Jones Industrial Average shed 82.35 points, or 1.04 percent, to close at 7,850.41 points.

The broader Standard and Poor’s 500 Index fell 8.35 points, or 1 percent, to close at 826.84 points. The technology-heavy Nasdaq Composite Index lost 7.35 points, or 0.48 percent, taking it to 1,534.36.

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