Tuesday, October 11, 2005

Markets in bear grip, Sensex down by over 30 points at 8,446

The markets are down again this morning with most of the Bombay Stock Exchange (BSE) indices down.
The BSE Sensitive Index (Sensex) was trading 38 points lower at 1138 hrs at 8,446 points compared to yesterday's close at 8,483 points.

Infosys technologies was trading at Rs 2,666 with gains of Rs 43.55 as the companies declare their Q2 results. The other blue chips leading this morning were Cipla, NTPC, ONGC, Satyam and Wipro.

All other blue chips on BSE 30-index were trading lower. There was also slide in the major midcap shares this morning.

The National Stock Exchange (NSE) S&P CNX Nifty index too was down by 10 points at 2,556 at 1138 hrs.

With crude prices seemed to have stabilised around USD 62 per barrel at the New York Mercantile Exchange (NYMEX), there is no panic signal for the markets as the stable oil prices will support the markets at the lower level.

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