Markets take a dive, weak trading predicted (Lead)January 20th, 2009 - 2:17 pm ICT by IANS
Mumbai, Jan 20 (IANS) Indian equities markets took a nosedive a little before noon Tuesday with a key index falling by about 2.61 percent over its previous close.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened Tuesday at 9,159.76 points against the previous close at 9,329.57, was ruling at 9,085.93 points.
At this level, the Sensex was down 243.64 points or 2.61 percent from Monday’s close.
The broader S&P CNX Nifty index of the National Stock Exchange was also in a slump, ruling at 2,772.55 points, a loss of 2.59 percent over its previous close.
There were not many gainers on the Sensex at the time. ITC and computer giant TCS were the two performers while the other 28 stocks of the 30-component Sensex were trading in the negative terrain.
Top losers included Bharti Airtel, ICICI Bank, HDFC and Reliance Communications.
Sentiments remained weak in other Asian markets, with the Nikkei, a key index of the Tokyo Stock Exchange, losing 3.07 percent. The Hang Seng, a key index of the Hong Kong Stock Exchange, shed 3.33 percent over its last close.