Interim budget fails cheer markets
By IANSSunday, February 15, 2009
MUMBAI - Indian equities closed in the red Monday as the interim budget presented by the government failed to offer any sops to investors. A key index ended 3.42 percent lower than its previous close.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange closed at 9,305.45 points, down 3.42 percent or 329.29 points.
The BSE midcap index was down 2.93 percent, while the BSE smallcap ended 2.1 percent lower.
The broader-based S&P CNX Nifty index of the National Stock Exchange (NSE) was at 2,848.5 points, 3.39 percent lower than its last close.
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