Mumbai, June 7 (IANS) A benchmark index for Indian equities Monday aped the negative sentiments ruling other Asian markets and was ruling 2.19 percent lower in morning trade.
Asian bourses, predictably opened in the red, after the disappointing job data from the US released Friday. Europe too is expected to be weighed down by these fears.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,069.77 points, was ruling at 16,743.25 points, 374.44 points or 2.19 percent down from its previous close at 17,117.69 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 5,020.3 points, down 2.24 percent from its previous close.
Broader markets indices also in the red, with the BSE midcap index ruling 1.68 percent lower and the BSE smallcap index trading 1.74 percent down.
Of the 30 scrips on the Sensex, Reliance Communications and ONGC were among the only gainers at this time.
Shares of Reliance Communications opened sharply higher Monday, a day after its board approved a 26 percent equity sale to a strategic investor.
The company’s scrip, which had closed at Rs.168.15 Friday, opened 5.86 percent higher at Rs.178 and touched an intra-day high of Rs.179.
