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Equities markets slide on signs of continuing weakness
Calcutta News.Net
Wednesday 17th September, 2008 (IANS)
After opening flat, Indian equities markets Wednesday showed signs of continuing weakness and fell despite good news that the US central bank had agreed to bail out insurance giant American Insurance Group (AIG).
By mid-afternoon, the 30-share benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) fell to 13,292.96, down 225.84 points or 1.67 percent over its previous close of 13,518.80.
The broader based 50-share S&P Nifty of the NSE also fell by 64.40 or 1.58 percent to 4,010.50 against its previous close Tuesday at 4,074.90.
The BSE mid-cap index also fell 33.64 points or 0.64 percent to 5,183.61 points.
The BSE small cap index fell to 6,280.44, down 8.97 percent or 0.14 percent over its previous close at 6,289.41.
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