Trade remains range-bound, markets still sluggish (Second Lead)January 15th, 2009 - 4:25 pm ICT by IANS
Mumbai, Jan 15 (IANS) The Indian equities markets were stayed low Thursday afternoon with a key index trading about 4.38 percent below its previous close Wednesday.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 4.38 percent or 410.7 points from its previous close and was trading at 8,959.79 points an hour before the day’s close.
The Sensex opened at 9,098.08 points Thursday, lower than Wednesday’s close of 9,370.49.
At the same time, the broader S&P CNX Nifty index of the National Stock Exchange (NSE) was at 2,732.55 points, 3.62 percent lower than its previous close.
Other market indices like the BSE midcap index shed 2.18 percent while the smallcap index was down 2.41 percent.
Scam-tainted Satyam’s scrip fell over 31 percent and was trading at around Rs.20.