Sensex down 130 points in afternoon trade

By IANS,

Mumbai : A benchmark index for Indian equities was ruling 130 points lower Tuesday afternoon, having given up all of its morning gains.


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Around 2.20 p.m., the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,368.44 points, was at 16,243.84 points, down 130.5 points or 0.79 percent from its previous close at 16,357.96 points.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 4,848.65 points, against the previous close at 4,899.7 points, a loss of 1.04 percent or 51.05 points.

Broader markets were mixed, with the BSE midcap index down 0.43 percent and the BSE small cap index trading 0.19 percent higher.

Other major Asian markets closed on a mixed note, with the benchmark Japanese index, Nikkei, ending 1.63 percent higher at 10,371.09 points, and the Hang Seng of the Hong Kong Stock Exchange 0.14 percent up at 20,272.18 points.

However, the Chinese Shanghai composite index was in the negative terrain, at 2,934.71 points, 0.23 percent down, while the Korean Kospi closed 0.66 percent lower at 1,595.81 points.

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