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Markets extend losses to 1%; Fortis rebounds

Markets extend losses to 1%; Fortis rebounds
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First Published: Thu, Jul 01 2010. 10 26 AM IST
Updated: Thu, Jul 01 2010. 10 26 AM IST
Mumbai: Indian shares extended losses to 1% on Thursday morning, with financials leading the fall, as risk appetite dampened sending Asian stocks lower.
At 9:30am, the 30-share BSE index was down 1.05% at 17,515.21 points, with 29 components declining. The 50-share NSE index was down 1.1% at 5,251.80.
Shares of Forits Healthcare were trading 1.6% higher after falling as much as 3.4%.
Fortis Healthcare has offered to buy all of Parkway Holdings for S$3.8 a share, higher than Malaysian sovereign fund Khazanah’s earlier offer of S$3.78 a share, two TV channels reported.
Shares dropped 0.7% in early trade with Reliance Industries and ICICI Bank leading the decline, taking cues from weak Asian markets as risk appetite deteriorated.
At 9:01 am, the BSE 30-share index Sensex was down 0.73% at 17,571.97 points, with 28 components declining. The NSE 50-share index Nifty was down 0.8% at 5,270.60.
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First Published: Thu, Jul 01 2010. 10 26 AM IST
More Topics: Sensex | Nifty | BSE | NSE | Shares |