Sensex down 0.71 percent in morning trade

Posted by on May 3rd, 2010 and filed under Business/Economy, EDITOR'S CHOICE. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Mumbai, May 3 (IANS) A benchmark index for Indian equities Monday was ruling 0.71 percent lower than its previous close, a couple of hours into trade after having started off on a weak note.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,536.86 points, was ruling at 17,434.54 points, 124.17 points or 0.71 percent lower than its previous close at 17,558.71 points.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 5,237.5 points, a loss of 0.77 percent from its previous close at 5,278 points.

Broader market indices were ruling flat at this time.

The market breadth was tilted towards the negative with as many as 1,149 scrips advancing compared to 1,336 stocks declining, while 88 remained unchanged.

IT and metals stocks were witnessing selling, while consumer durables and auto scrips were up.

Asian markets continued to be spooked by the Greece debt crisis Monday and over fears of more European countries being prone to similar problems.

In Asia, the South Korean Kospi was ruling 1.67 percent down at 1,712.5 points, while Hong Kong’s Hang Seng was trading 1.48 percent lower at 20,795.18 points.

Japanese and Chinese markets were closed.

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