Mumbai, Feb 1 (IANS) Indian equities markets benchmark indices slumped further Tuesday on selling pressure in FMCG and technology stocks as high inflation raised concerns over earnings and the unrest in Egypt dampened sentiments.
A benchmark index for Indian equities markets slumped over 200 points in the morning session.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,425.18 points, was ruling 18,145.93 points, down 181.83 points or nearly one percent from its previous close at 18,327.76 points.
The Sensex had slipped to a low of 18,039.70 points in the morning session.
The 50-scrip S&P CNX Nifty of the National Stock Exchange too was in the red, trading over one percent down at 5,446.55 points in the afternoon session.
Broader markets were ruling lower as well with the BSE midcap index down 0.95 percent and the BSE smallcap index 0.49 percent lower.
The BSE’s FMCG and technology indices were down over 2.5 percent.
Tata Motors slumped nearly five percent. Jindal Steel was 3.53 percent down.
