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BSE Sensex subdued, SAIL drops
People walk pass the Bombay Stock Exchange (BSE) building displaying India's benchmark share index on its facade, in Mumbai September 30, 2009.
Credit: Reuters/Punit Paranjpe/Files
MUMBAI |
MUMBAI (Reuters) - The BSE Sensex was subdued early on Tuesday as investors turned cautious about the global economy after rating agency Moody's warned it may cut its triple-A ratings of France, the United Kingdom and Austria.
Steel Authority of India Ltd (SAIL.NS), the country's largest domestic steel producer, dropped 1 percent after the company posted a worse-than-expected 43 percent slide in quarterly profit.
At 9:17 a.m. (0347 GMT), the main 30-share BSE stock index was down 0.05 percent at 17,769.04.
The 50-share NSE index was down 0.12 percent at 5,384.20.
(Reporting by Prashant Mehra; Editing by Ranjit Gangadharan)
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