Monday, November 29, 1999

Sensex slips 1.7 pct; RComm down 2.4 pct

News posted by www.newsinfoline.com

Equities fell 1.7 per cent early on Monday, with Reliance Industries and Infosys Technologies leading the decline, as world stocks dropped on worries over euro zone debt concerns.At 9:01 a.m., the Sensex was down 1.69 per cent at 16,707.10 points, all of its components declining.Reliance Communications, India's No. 2 mobile phone operator, was down 2.4 per cent at Rs 141.10 even after reporting a smaller-than-expected 16 per cent fall in quarterly profit over the weekend.The 50-share NSE Index was down 1.7 per cent at 5,008.20.

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