Markets stabilise after opening fall, but still way downOctober 16th, 2008 - 11:45 am ICT by IANS
Mumbai, Oct 16 (IANS) Indian equities markets opened with a steep crash Thursday, following similar precipituous slides in other east Asian markets and a major fall in New York. The major indices had stablised in the first 10 minutes, but were still way down.The 30-share benchmark index of the Bombay Stock Exchange, the Sensex, opened at 10,284.90 points, way below Wednesday’s closing figure of 10,809.12. Then it slid further to 10,150.54 points before starting to stabilise just before 10 a.m., when it was at 10,165.88 points, still down 643.24 points or 5.95 percent.
At the same time, the S&P CNX Nifty index of the National Stock Exchange was at 3.170.20 points, which was 5.04 percent below its previous close.