Markets stay in the red as global cues weaken (Lead)

February 11th, 2009 - 1:40 pm ICT by IANS  

SensexThe 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was at 9,503.68 points, 1.49 percent or 143.79 points lower than Tuesday’s close. It had opened at 9,462.14 points, lower than its last close of 9,647.47-points.

At the same time, the broader-based S&P CNX Nifty index of the National Stock Exchange (NSE) was ruling at 2,897.15 points, 1.27 percent below its previous close at 2,934.5.

Broader market indices were down with the BSE midcap index trading 0.37 percent lower and the BSE smallcap losing 0.08 percent.

Of the 13 sectoral indices on the BSE, only that for car companies was up.

Leading the gainers’ list on the Sensex at this time were Maruti Suzuki (up 1.28 percent to Rs.616), NTPC (up 1.08 percent to Rs.182.15), Reliance Communications (up 0.7 percent to Rs.172.85) and Ranbaxy Laboratories (up 0.13 percent to Rs.233.15).

Among losing scrips were Reliance Infra (down 3.75 percent to Rs.541.40), Tata Steel (down 3.25 percent to Rs.190.55), DLF (down 2.95 percent to Rs.148.00), and Mahindra and Mahindra (down 2.19 percent to Rs.277.30).

In other Asian markets, a key Japanese index, the Nikkei of the Tokyo Stock Exchange, was ruling at 7,945.94 points, 0.29 percent lower than its previous close.

The Hang Seng, a key index of the Hong Kong Stock Exchange, was 3.19 percent below its last close.

In the US, the $838-billion economic recovery package passed by the Senate in a 61-to-37 vote, failed to stimulate American markets, which ended trade in the red. The blue-chip Dow Jones Industrial Average fell 4.62 percent or 381.99 points to close at 7,888.88 points.

The broader Standard and Poor’s 500 Index slipped 4.91 percent or 42.73 points to 827.16. The technology-heavy Nasdaq Composite Index dipped 4.2 points, or 66.83 percent, to 1,524.73.

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