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Markets take gap down opening, Nifty down 1.52%

September 26th, 2008

Friday, September 26, 2008 10:40:12 AM IST

The Indian stock markets took a gap down opening this morning. Nifty slipped 1.52% and is at 4048.15 levels while Sensex has shed 205.14 points and is at 13342.04 down by 1.51%. Stock markets all round the world are now worried about European countries going into a recession-like trend.

CNX 100 is down 1.40% while CNX 500 is down 1.31%. CNX Midcap index is down 0.95%. IT stocks are hit once again. CNX IT is down 2.12% while Bank Nifty is down 1.50%.

Top Nifty losers in the early minutes of trade include Suzlon, NALCO, HCL Tech, Ambuja Cements, TCS, ICICI Bank, SAIL, Tata Steel, HDFC and ONGC. Though the declining stocks are more than the inclining ones, the few Nifty gainers so far are Tata Communications, Hindustan Unileaver, ACC and Reliance Infra.

The BSE Midcap index is down 0.83% while BSE Smallcap index is down 0.17%. All sectoral indices on the BSE are in the red with Realty, IT and Metal stocks leading in the red.

1 U.S. dollar = 45.9791 Indian Rupees
1 U.S. dollar = 106.2812 Japanese Yens
1 U.S. dollar = 0.6844 Euros
1 Ounce Gold = $877.40
1 Barrel Crude Oil = $106.60

Entry Filed under: Equity Markets, Opening trade