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Markets slip deep into the red


Mumbai : Indian equities markets slipped deep into the red in the early morning session Monday, with a key index trading about 250 points or 2.56 percent lower than its last closing figure.

The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) opened at 9,902.35 points, lower than its 10,048.49 point close Friday. About 30 minutes into trade, it was at 9,790.81 points, 2.56 percent or 257.68 points below its previous close.

The S&P CNX Nifty index of the National Stock Exchange (NSE) was at 3,037.8 points, 2.28 percent down from its last close of 3,108.65.

However, the BSE midcap index recovered from a weak start and was ruling 0.01 percent higher than its previous close, while the BSE smallcap index was up 0.51 percent.