Wednesday, October 22, 2008

Sensex below 10000; RIL, ONGC, Bharti, HDFC, ICICI drag

The market is still trading sharply higher, despite showing a some bit of a recovery. Selling continues in metal, realty, telecom, oil, banking and technology stocks. Midcap and small cap stocks are also under pressure. The weak global cues is the major reason for this fall, which has pulling the NSE Nifty below 3000 mark and forced the Sensex below 10000 level again.

The Sensex fell 261 points to 9,909 and the Nifty slipped 82 points at 2,982. The BSE Midcap and Small Cap indices plunged at around 3% each.