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Indian markets slide third straight day
Wednesday, 16 January 2008, 20:30 IST
Mumbai: The decline of share prices in Indian bourses continued for the third day, with a key index trading in the red throughout on Wednesday. The markets fell sharply in the afternoon on news of Citi Group and Merrill Lynch withdrawing over $21 billion from global markets.
The benchmark 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 20,079.89 points, down 0.82 percent, which was the high for the day.
After testing bottom of 19,513.25 points, down 3.64 percent, the main benchmark of BSE closed at 19,868.11, losing 382.98 points, down 1.89 percent.
The broader 50-share S&P CNX Nifty index of the National Stock Exchange (NSE) followed the bandwagon and opened at 6,065.00, down 0.15 percent, which was the high for the day.
After marking a low of 5,825.75, down 4.10 percent, Nifty finally closed with a loss of 138.50 points at 5,935.75, down 2.28 percent.
Reliance Industries at 
3.04 billion, Reliance Energy at 2.85 billion, Reliance Petroleum at 2.54 billion, Reliance Communications at 2.33 billion and NTPC at 2.09 billion were the top five turnover toppers at BSE.
The top five gainers at BSE included SEL Manufacturing at 197.80, up 19.99 percent, Asian Electronics at 551.95, up 15.49 percent, Vipul Dye Chem at 32.15, up 11.05 percent, U B Engineering at 191.20, up 9.98 percent and Wires Fabrik at 131.20, up 9.97 percent.
The total turnover at BSE was 81.68 billion. The BSE Mid-Cap index closed at 9,267.20 points, down 1.75 percent and the BSE Small-Cap index closed at 12,522.21, down 1.83 percent.
The total turnover at NSE was 214.24 billion. The top five turnover toppers were Reliance Industries, Reliance Natural Resources, Reliance Energy, ICIC Bank and NTPC.
Source: IANS
3.04 billion, Reliance Energy at 2.85 billion, Reliance Petroleum at 2.54 billion, Reliance Communications at 2.33 billion and NTPC at 2.09 billion were the top five turnover toppers at BSE.
The top five gainers at BSE included SEL Manufacturing at 197.80, up 19.99 percent, Asian Electronics at 551.95, up 15.49 percent, Vipul Dye Chem at 32.15, up 11.05 percent, U B Engineering at 191.20, up 9.98 percent and Wires Fabrik at 131.20, up 9.97 percent.
The total turnover at BSE was 81.68 billion. The BSE Mid-Cap index closed at 9,267.20 points, down 1.75 percent and the BSE Small-Cap index closed at 12,522.21, down 1.83 percent.
The total turnover at NSE was 214.24 billion. The top five turnover toppers were Reliance Industries, Reliance Natural Resources, Reliance Energy, ICIC Bank and NTPC.
Source: IANS