Market closes on a weak note

Mumbai, Jan 7: The benchmark indices took a heavy knock and witnessed a steep cut. The Sensex has touched an intraday low of 9,510.15, before closing the day at 9,586.88, a drop of 749.05 points or 7.25 per cent from previous close. The 50-share NSE Nifty shut shop at 2920.40, down 6.18 per cent or 192.40 points, after hitting a low of 2888.20.
4.10 PM

Satyam woes continue; Markets weak

Markets fall continues due to Satyam's fiasco. Sensex is trading at 9586, down 749 points and Nifty is at 2912, down 200 points from the previous close. CNX Midcap index is down by 7.43 per cent and BSE Smallcap index is down 6.69 per cent. BSE Realty index is down by 17 per cent and BSE IT Index is down by 10 per cent.
2.39 PM

Satyam's fiasco: Market sees red

The benchmark indices have extended losses further due to sharp cut in Satyam, as Ramalinga Raju resigned from Satyam's board.

Selling pressure is seen in shares of technology (especially Satyam), realty, oil exploration, power, capital goods, banking and telecom. The Sensex slipped below 10,000 mark.

The Nifty has broken 3000 mark as well and plunged 143 points to 2,969, at 11.55 hours IST. The Sensex lost 469 points to 9,866. BSE Midcap and Small cap indices fell 3-4 per cent.

BSE Realty Index lost nearly 12 per cent. IT Index slipped over 8 per cent. Bankex, Capital Goods, Oil & Gas and Power indices fell over 3.5-4 per cent. Healthcare, Auto and Metal indices lost 2-2.7 per cent.
12:24 PM

Markets trading higher; TCS, Wipro gain

The markets have surged higher in early trade. Buying is seen in shares of metal, technology, cement, capital goods, auto and telecom stocks. Positive Asian markets also lent some support to markets.

At 9.56 am, the Sensex went up 111 points to 10,447 and the Nifty gained 24 points at 3,136. CNX Midcap 100 rose 34 points to 3,956. More than 45 stocks out of 50 are trading in green on the NSE Nifty.

Sterlite Industries, Unitech, Satyam, Ambuja Cements, TCS, Wipro, Suzlon Energy, Tata Steel, Hindalco, Nalco, ACC, Grasim, Infosys and M&M are gainers.

OneIndia News (With inputs from Agencies)