Sensex slips further as selling intensifies
By IANSMonday, October 18, 2010
MUMBAI - A benchmark index of Indian equities slipped further in noon trade Monday on sustained selling that spread to the broader markets.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,160.55 points, was ruling at 19,938.71 points, down 186.34 points or 0.92 percent from its previous close at 20,125.05 points.
Soon after the opening bell, it had moved up by 70 points at 20,195.06 points.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty was trading at 6,006.05 points, down 0.93 percent.
Broader markets also slumped with the BSE midcap index ruling 0.97 percent lower and the BSE smallcap index 0.56 percent down.
FMCG, capital goods and energy stocks led the losing lot.
Top Sensex losers at this time were ACC, L&T, ITC, HDFC and Bharti Airtel.
Among gainers were TCS, NTPC and Hero Honda.
Other Asian markets were also subdued with some amount of profit-taking eating into mid-day gains.
Hong Kong’s Hang Seng was ruling 1.13 percent lower at 23,489.07 points, while the Japanese Nikkei closed flat at 9,498.49 points.
The Shanghai Composite index was trading at 2,976.2 points, up 0.17 percent.
