Markets fall at opening bell
By IANSSunday, January 11, 2009
MUMBAI - Indian equities markets fell at the start of the week with a key index falling 1.38 percent over its close Friday.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 1.38 percent or 129.94 points Friday and was trading at 9,276.53 points about 15 minutes into trade.
The Sensex opened at 9,316.33 points lower than its previous close of 9,406.47.
The broader S&P CNX Nifty index of the National Stock Exchange (NSE) performed similarly and was trading at 2,827.75 points, 1.58 percent lower.
Satyam Computer Services however made a turnaround with the scrip gaining more than 56 percent to trade at Rs. 37-levels as the government stepped in with measures to reconstitute the board and revamp the management of the company.
Other market indices also fell with BSE’s midcap index trading 0.52 percent lower and the smallcap index shedding 0.11 percent.
