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Tough times continue to haunt markets; Sensex down over 600 points

September 18th, 2008

Thursday, September 18, 2008 10:47:05 AM IST

Indian markets continued to stay inline with the Asian markets today. The Sensex lost over 600 points in early hours of trade. Sensex is at 12660 levels while Nifty is at 3837.85 levels. BSE Realty sectoral index is down over 8.55%

CNX 100 is down 4.41%. CNX 500 is down 4.63%. CNX IT is down 5.24% and Bank Nifty is down 4.03%.

Unitech is down 9.19% and is trading at Rs. 115.60 levels. Reliance Communications, DLF, Bharti Airtel, TCS, Siemens, Satyam, Sterlite Industries, Reliance Infra, Reliance Power are the leading losers on the Nifty.

Indiabulls Financial Services Limited is down 15.44% today and is trading at 160.75 levels on the Nifty. Vinyl Chemicals (India) Limited is down 13.79% and is trading at Rs. 5 levels.

The Sensex too is in deep red. The BSE Midcap and Smallcap indices are down 5% and 4.78% respectively. All sectoral indices on the BSE are down at least by 2.32%. Metal, IT and Consumer Durables indices are down over 5% each.

On the commodities front, Gold saw a swift jump as equity markets across the global are in difficult times. Meanwhile, Crude too jumped to $96-odd levels increasing the concern. The US Dollar softened a bit in comparision with the Indian Rupee.

1 U.S. dollar = 46.1595 Indian Rupees
1 U.S. dollar = 105.0972 Japanese Yens
1 U.S. dollar = 0.6961 Euros
1 Ounce Gold = $860.30
1 Barrel Crude Oil = $96.15

Entry Filed under: Equity Markets, Opening trade