Business Daily from THE HINDU group of publications
Friday, May 9, 2008 ePaper | Mobile/PDA Version


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

Update at 1500 hrs (IST)


Markets
Sensex slips below 17K

MUMBAI: The BSE benchmark Sensex on Friday lost 250 points and dipped below 17,000 level during intraday on heavy selling by funds, triggered by weak Asian markets. Sectoral indices such as Oil & Gas, Bankex, PSU, Realty and Capital Goods suffered sharp losses on selling pressure.

At 2.55 p.m, the Sensex was trading at 16,829.33, down by 251.32 points from its previous close of 17,080.65. The Sensex touched an intraday low of 16,828.21.

Banking index Bankex declined 213.86 points or 2.44 per cent to 8,541.62 and Oil & Gas suffered a loss of 416.86 points or 3.58 per cent to 11,211.59.

The S&P CNX Nifty, on the NSE, touched a low of 5,005.00 before being quoted at 5,007.50, down 74.20 points from yesterday's closing level.

Marketmen said reports of weakening trends in Asian stock markets mainly dampened trading sentiments here. Traders feel further rise in the inflation rate affected the sentiment.

Major losers today were Reliance Industries, ACC, ONGC, RPL, ICICI Bank, Reliance Energy, Larsen and Toubro, Jaiprakash Associates, HDFC, Infosys Technologies, SAIL and and SBI. - PTI

Next: Rupee recovers against US dollar


Business Line | NUS Index |


Related Topics
A Ringside View
ADR Watch
Asset Management Companies
Bonus Announcements
Buyback
Cartoon
Chat
Commentary
Debt Market
Derivatives Markets
Ear to the ground
Economic Offences
Financial Markets
Financial Services
F & O Outlook
Foreign Institutional Investors
Insight
Interview
Investment Banking
Investments
Investor Grievances
Investor Protection
IPOs
Mergers & Acquisitions
Mutual Funds
Mutual Confidence
New Fund Offer
Open Offers
Outlook
Overseas Borrowings
Overseas Investments
People
Preferential Allotments
Private Placement
Public Offer
Recommendation
Regulatory Bodies & Rulings
Rights Issue
Sensor
Stock Exchanges
Stock Markets
Stocks
Taxation
Technical Analysis
Venture Capital



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line