Indian Stock Markets were trading marginally lower on second trading day of new year. At 10.16 am, NSE Nifty was down by 11 points at 3022. BSE Sensex was down by nearly 35 points at 9868.
The year 2009 started on a positive note with the benchmark Sensex gaining by over 73 points during the opening trade on hopes of further decline in the inflationary figures and firming trends on the worldwide markets.
The Bombay Stock Exchange barometer, which lost 68.85 points on the last session of 2008, gained 73.24 points at 9,720.55 points in the opening trade with all the sectoral indices, led by metal consumer durables and realty, trading in the positive zone.
The Midcap barometer has moved up by 1.5%, while the Smallcap index has came up by 1.76%.
New York - US stocks finished the year with gains on Wednesday as weekly unemployment figures dropped, but Wall Street still ended the year with its steepest slide since the Great Depression.
Unemployment claims fell by 94,000 this week, the lowest level in two months, Bloomberg financial news reported.
After opening the day positively, the 30-share index Sensex continued its positive run on the back of heavy buying activity witnessed in frontline stocks.
Metals, consumer goods and realty stocks gained ground.
All sectoral indices went up, while BSE Midcap and Smallcap index gained 1.61% and 1.66% respectively.
Today, the BSE Sensex started the day at 9,806.64, up 90.48 points, as against its previous closure in which it gained 182.64 points at 9716.16.
New York - US stocks fell Monday, as a volatile year for the markets draws to a close, amid concerns over bleak corporate news and tensions in the Middle East and South Asia.
A 17.4-billion-dollar deal between Kuwait's state-run Petrochemical Industries Co and Dow Chemical Co, the largest US chemical maker, fell through. The joint venture would have enabled Dow to acquire rival Rohm & Haas, the world's largest maker of acrylic paint ingredients.