By IANS
Mumbaiv : Although the Thursday morning session on Indian bourses started on a cautious note, benchmarks continued to slide amid fear of more tolls on sub-prime account in US markets after Citi Group and Merrill Lynch reported they were being affected.
The 30 shares index of the Bombay Stock Exchange (BSE) opened flat at 19,972.75 and kept going down. After touching a low of 19,700.03 (-0.84 %), the main benchmark of BSE was trading at 19,723.99 down 144.12 points (-0.73 percent) around 11 a.m.
Reliance Industries (Rs.420 million), Reliance Energy (Rs.360 million), Reliance Petroleum (Rs.320 million), Reliance Communications (Rs.180 million) and National Thermal Power Corp. Ltd. (Rs.150 million) were the top five turnover toppers at BSE. Thus Reliance group continues to dominate the toppers list.
Top five gainers included NPR Finance quoting at Rs.274.95 (up 17.93 percent), Mindtech Ind. at Rs.71.00 (up 15.92 percent), Damodar Thread at Rs.60.50 (up 15.46 percent), R.M. Mohite Textiles at Rs.98.00 (up 11.3 percent) and Bimetal Bearings at Rs.278.00 (up 10.27 percent).
Mid Cap and Small Cap benchmarks were in positive zone Thursday morning, indicating switching of interest of investors.
The S&P CNX Index Nifty of The National Stock Exchange followed the bandwagon and opened flat at 5,937.95, marked a high of 5,969.95 (up 0.54 percent). After marking a low of 5,880.30 (down 0.93 percent), Nifty was trading at 5,921.70 (down 0.24 percent) around 11 a.m.
The book building IPO of Future Capital evoked good response and is reportedly oversubscribed more than 131 times on an overall basis.