Sensex slips by 184 pts in morning trade
Sensex falls by 184 points in the initial five minutes of trade on selling by funds due to renewed credit concerns in the global market.business Updated: Nov 27, 2007 11:55 IST
The Bombay Stock Exchange benchmark Sensex on Tuesday fell by 184 points in the initial five minutes of trade on selling by funds due to renewed credit concerns in the global market.
Asian indices were quoted lower during morning trade due to a sharp fall on Wall Street on Monday.
The BSE 30-share index opened lower at 19,128.86 and then tumbled to a low of 19,063.69, down 183.85 points from Monday's close of 19,247.54 points .
The BSE barometer later recovered marginally and was quoted at 19,090.33 at 1030 hours.
The broader S&P CNX Nifty of the National Stock Exchange too dropped by 65 points to 5,66.70 at 1030 hours from previous close of 5,731.70.
Commenting on the approaching expiry of derivative series, brokers said the market witnessed about 30 per cent roll over in the past two session.
They, however, ruled out any heavy roll over to the next series as seen in previous couple of contracts.