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Correction in Indian stocks deepen after quake in Japan

Correction in Indian stocks deepen after quake in Japan
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First Published: Fri, Mar 11 2011. 02 52 PM IST

Updated: Fri, Mar 11 2011. 02 52 PM IST
New Delhi: Markets lost further ground in mid-day as massive earthquake in Japan made investors wary for taking further positions ahead of the weekend. Reuters reported that an earthquake measuring 8.9 hit the northeastern coast of Japan on Friday. A 10metre tsunami followed.
Asian stock markets sank led by Japan. The news of earthquake further deepened the correction in Indian stocks, which have already opened weak on the back of unrest in Saudi Arabia.
Sensex: 18,125, –1.1%
Nifty: 5,427, –1.2%
Nikkei: 10,254, –1.7%
Hang Seng: 23,143, –2%
Topix: 915, –1.6%
All BSE sectoral indices are in the red on the Bombay Stock Exchange. Stocks of metals, power, automobiles and consumer goods firms lost the most by 1:30 pm.
BSE Metal: 15,362, –1.9%
BSE Power: 2,551, –1.6%
BSE Auto: 8,720, –1.5%
Breath of the market is extremely negative with 67% of the stocks trading declining.
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First Published: Fri, Mar 11 2011. 02 52 PM IST
More Topics: Markets Update | Stocks | BSE | NSE | Sensex |