New Delhi, May 14 (Inditop.com) A benchmark Indian equities index slid into the red in afternoon trade Friday due to selling of heavyweights Reliance Industries and the State Bank of India.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,267.25 points, was ruling at 17,153.42 points, 112.45 points or 0.65 percent down from its previous close at 17,265.87 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 5,141.9 points, down 0.71 percent from its previous close.
The RIL scrip was down 1.73 percent at Rs.1,053.30, while the SBI stock was trading at Rs.2,264.50, down 2.19 percent.
The markets reacted negatively to the SBI stock after the bank reported poor net profits for the January-March quarter at Rs.1,867 crore, way below the Rs.2,700-2,800 crore expected by analysts.
Broader market indices were in the negative too, with the BSE midcap index down 0.51 percent and the BSE small cap index trading 0.5 percent lower.
