Though still in the red, markets pared off some losses during the previous two hours of trade as buying was witnessed at lower levels. While select software and FMCG stocks are trading higher, metal, telecom and power stocks are reeling under pressure. The overall decline to advance ratio is at 4.1 to 1 on the BSE.
The BSE Sensex and NSE Nifty are trading weak, down by almost 135 points and 35 points respectively. The BSE-Midcap and Smallcap indices are also trading weak, both down by 3%. The BSE-Metal Index is down almost 7%. The rupee is trading at 48.74 to the dollar.
Friday, January 9, 2009
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