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SearchMarkets open weak, dip further on general nervousness
Indian equities markets opened weak Friday and began to slide deep into the red reflecting all round nervousness on weak global cues and a severe liquidity crunch.
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Indian equities markets opened weak Friday and began to slide deep into the red reflecting all round nervousness on weak global cues and a severe liquidity crunch.
News that the $700 billion revised bailout plan may once again fail to get through the House of Representatives later Friday added further tension to an already nervous market.
Half an hour into trading the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 12,863.21, down 192.46 points or 1.47 percent from its previous close Wednesday at 13,055.67.
The Sensex opened at around 12,900, nearly 150 points down from its previous close.
Markets were closed Thursday.
The broader-based 50 share S and amp;P CNX Nifty of the National Stock Exchange (NSE) was at 3,902.50, down 48.25 points or 1.22 percent from its previous close Wednesday at 3,950.75.
The BSE mid cap index was at 4,796.96, down 27.20 or 0.56 percent from its previous close at 4,824.16.
The BSE small cap index was at 5,586.84, down 19.96 points or 0.36 percent from its previous close at 5,606.80.
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