Sensex opens weak at 9,084 pts

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Mumbai, Nov 18 (UNI) The Sensex today fell by 206.80 points to 9,084.12 in the opening session on the Bombay Stock Exchange (BSE), from its last close of 9,291.01, on weak global cues.

However, the Nifty Index of National Stock Exchange (NSE) opened high at 2,802.45 points, with a gain of two points, from its last close.

The Sensex recorded the day's high at 9,084.12 points and low at 8,957.52. It was trading down by 277.79 points at 9,013.22.

While the Nifty recorded the day's high at 2,802.45 and low at 2,708.45 points. It was trading at 2,731.25, down by 68.30 points.

Tracking losses on Wall Street overnight and on concerns of a global recession, Asian markets dropped. Key benchmark indices in Hong Kong, Japan, South Korea, Singapore, Taiwan and China were down by between 1.62 per cent and 3.58 per cent.

Major losers were Reliance Industries (RIL), which slipped by 3.91 pc to Rs 1,098, followed by Reliance Infrastructure (down by five pc) to Rs 460.20, Hindalco Industries (down by 4.57 pc) to Rs 52.20 and Sterlite Industries (down by 4.58 pc) to Rs 216.90.

DLF, Unitech, Indiabulls Real Estate, Housing Development&Infrastructure, Sobha Developers, Mahindra Lifespace Developers and Omaxe also slid by 1.66 pc to six pc.

ICICI Bank fell by 5.49 pc. State Bank of India (SBI) also lost 3.26 pc. Infosys slipped by 3.47 pc, Tata Consultancy Services fell by 2.68 pc.

Union Finance Minister P Chidambaram today said the government will take steps to stimulate the domestic economy to compensate for the downside caused by the downturn in the world economy.

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