Markets slip further in midday trade (Lead)February 20th, 2009 - 1:40 pm ICT by IANS
Mumbai, Feb 20 (IANS) Indian equities markets were in a slump Friday noon with a key index trading 1.99 percent lower than its last closing figure.
The Bombay Stock Exchange (BSE) Sensitive Index (Sensex), which opened at 8,943.78 points, was at 8,864.34 points, a decrease of 178.29 points or 1.97 percent from its previous close.
At the same time, the S&P CNX Nifty of the National Stock Exchange (NSE) was at 2,737.4 points, 1.86 percent down from its last close at 2,789.35.
The BSE midcap index was 1.26 percent lower, while the BSE smallcap index was down 1.04 percent.
All the 13 sectoral indices on the BSE were in negative terrain with the index for realty stock losing the most.
Among the only gainer on the Sensex was Maruti Suzuki (up 0.02 percent at Rs.632.05).
Amongst the losers on the Sensex were Reliance Communications (down 4.15 percent at Rs.155.95), ICICI bank (down 3.68 percent at Rs.348.20), DLF (down 3.68 percent at Rs.150.60) and HDFC (down 3.64 percent at Rs.1,342).
In other Asian markets, a key Japanese index, the Nikkei of the Tokyo Stock Exchange, was ruling at 7,412.5 points, 1.92 percent lower than its previous close.
The Hang Seng, a key index of the Hong Kong Stock Exchange, was ruling 2.47 percent below its last close.
In the US, the broader Standard and Poor’s 500 Index slipped 9.48 points, or 1.2 percent, to close at 778.94 points. The technology-heavy Nasdaq composite index also was down closing at 1,442.82, down 25.15 points, or 1.71 percent.
In Europe, the FTSE 100 index of Britain closed 0.29 percent up, at 4,018.37.