New Delhi: After second steepest drop ever on Thursday's trade, the markets continue to reel under subprime sell off compounded by yen carry trade.
The markets once again opened with significant cut in line with its Asian peers. Zylog Systems got listed on Friday at Rs 435 versus its issue price of Rs 350.
At 9:56 am, Sensex was down 133 points at 14225 and Nifty was down 33 points at 4144. Major losers in the opening trade were RIL, Rel Comm, SAIL, ICICI Bank, NTPC, ICICI bank, Ambuja Cement, Tata Steel and BHEL. However, TCS, ACC, Dr. Reddys Lab were trading in green.
Asian markets slipped further on Friday’s trade. Japan's Nikkei fell 2.56 per cent or 414.12 points at 15,734.37, Hong Kong's Hang Seng declined 1.65 per cent or 342.04 points at 20,330.35, Taiwan's Taiwan Weighted tumbled 1.53 per cent or 125.72 points at 8,075.65, Singapore's Straits Times plunged 3.62 per cent or 114.17 points at 3,037.99 and South Korea's Seoul Composite was down 1.61 per cent or 27.18 points at 1,664.80.
US markets:
The Dow fell 15.69 points, or 0.12 per cent, to 12,845.78. The Standard & Poor's 500 rose 4.57 points, or 0.32 per cent, to 1,411.27, and the Nasdaq composite index dropped 7.76 points, or 0.32 per cent, to 2,451.07.
Market cues:
(With moneycontrol.com inputs)
Comments
0 comment