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Sensex dips below 9,000 at open

business Updated: Jan 21, 2009 11:04 IST

The Bombay Stock Exchange benchmark Sensex on Wednesday dipped below the 9,000 level in opening trade by losing 213.99 points on sustained selling by funds influenced by weakening global trends.

The 30-share index Sensex, which had lost 229.02 points in the previous day's trading, fell further by 213.99 points to 8,886.56 points in the first five minutes of trading as heavyweights like Infosys Technologies and Reliance Industries recorded heavy losses.

Similarly, the 50-share National Stock Exchange index Nifty tumbled by 59.25 points at 2,737.35 points in early trade.

Marketmen said most of the bluechips led by the bank and technologies sectors remained weak on global recession concerns.

They said the Hong Kong share prices opened 3.3 per cent lower, following a plunge on Wall Street yesterday on renewed fears on the already battered banking sector.