Sensex dips sharply in early trade

May 23rd, 2011 - 11:00 am ICT by IANS  

Sensex Mumbai, May 23 (IANS) A benchmark index for Indian equities markets Monday fell sharply in opening trade with selling pressure gripping the breadth of the market.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) which opened at 18,269.06 points, was ruling at 18,161.31 points, down 164.78 points or 0.9 percent from its previous close at 18,326.09 points.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange was also trading weak at 5,431.25 points, down 1 percent.

Broader markets too were ruling lower with the BSE midcap index ruling 0.38 percent down and the BSE smallcap index 0.22 percent down.

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