Markets slip further despite low inflation (Second Lead)March 5th, 2009 - 4:15 pm ICT by IANS
Mumbai, March 5 (IANS) Indian equities slipped further Thursday afternoon despite cooling inflation numbers. About 90 minutes before close, a key index was 2.99 percent lower than its previous close.
The 30-scrip Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 8,535.03 points, was at 8,194.32 points, a fall of 252.17 points or 2.99 percent from its previous close.
Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) lost 2.6 percent from its last close to rule at 2,576.4 points.
The BSE midcap index was 1.85 percent lower, while the BSE smallcap index was down 1.75 percent.
Earlier, government data showed that India’s annual rate of inflation fell to 3.03 percent for the week ended Feb 21 from 3.36 percent the week before.