Neha Sood 
Bombay Stock Exchange benchmark index, which was showing up some momentum in the past few days, fails to hold the 10000 level and fell in the afternoon trade. Other global markets are also traded lower despite of a $17.4 billion loan offered by US to the troubled automakers.
Auto and stocks of oil and gas companies dragged the market into the dark today. Mahindra & Mahindra and Maruti stocks were among the major culprits, down over 4 percent. Stocks of RIL are also down by 2.5 percent. The top gainers include Tata Motors and DLF, which have gained over 3 percent.
The help package announced by US for General Motors and Chrysler LLC came as a ray of hope for many investors. But global outlook and continuously decreasing demand of Asian products like electronics and cars are deteriorating the investor\'s confidence.
|