Markets slip in morning trade (Lead)

February 12th, 2009 - 2:03 pm ICT by IANS  

SensexMumbai, Feb 12 (IANS) Indian equities markets slipped further into the red around noon Thursday, with a key index falling 0.82 percent over its previous close.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was at 9,539.64 points at this time, 0.82 percent or 78.69 points lower than Wednesday’s close. It had opened at 9,552.37 points, lower than its last close of 9,618.54-points.

The S&P CNX Nifty index of the National Stock Exchange (NSE) was at 2,902.4 points, 0.8 percent lower than its previous close of 2,925.7.

However, the BSE midcap index was 1 percent higher, while the BSE smallcap index was up 1.49 percent.

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

Leading the gainers’ list on the Sensex at this time were DLF (up 4.91 percent to Rs.158.25), Reliance Infra (up 2.26 percent to Rs.553.75), Mahindra and Mahindra (up 2.03 percent to Rs.286.30) and Reliance Communications (up 1.47 percent to Rs.175.85).

Among losing scrips were Ranbaxy Laboratories (down 2.89 percent to Rs.214.80), Infosys (down 2.35 percent to Rs.1,272), Jaiprakash Associates (down 1.89 percent to Rs.75.25), and Bharti Airtel (down 1.85 percent to Rs.661.75).

In other Asian markets, a key Japanese index, the Nikkei of the Tokyo Stock Exchange, was ruling at 7,707.72 points, 3 percent lower than its previous close.

The Hang Seng, a key index of the Hong Kong Stock Exchange, was 2.24 percent below its last close.

In the US, Wall Street rose as the Congress reached an agreement on an economic stimulus plan involving tax cuts and spending designed to pull the country out of its worst recession in decades.

The blue-chip Dow Jones Industrial Average picked up 50.65 points, or 0.6 percent, to close at 7,939.53.

The broader Standard and Poor’s 500 Index earned 6.58 points, or 0.8 percent, to 833.74 points, while the technology-heavy Nasdaq Composite Index gained 5.77 points, or 0.4 percent, to 1,530.5 points.

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