BSE Sensex Opens With 0.1 % Loss

BSE Sensex Opens With 0.1 % LossAccording to reports, on Wednesday, adding to the financial concern linked with the global economy weakness, the BSE Sensex with a 0.1% loss, made a terrible opening.

However, the reports further claimed that just because of these terrible losses, 26 of its components have already reached the red area and 30 of its shares also fell by 0.45%.

In the meantime, Vaibhav Sanghavi, Ambit Capital Director, said, "There are too many variables. I would rather wait for some clarity to emerge before taking any (market) call”.

Meanwhile, the Wall Street profit reports also claimed that in the morning session, markets across the Asia made some small gains, which certainly in some way helped to reduce the financial crisis.

On Friday, while making an interesting Speech, Ben Bernanke's Investor accounted that due to these financial defeats, they continued to search for some bargains.

Moreover, showing his concern about the losses, Kishor Ostwal, CNI Research MD, commented, "Markets may bounce to 5,100 and then correct again and the markets are in the hands of a few domestic and foreign institutional investors, while retail investors are just not ready to put money in the market”.

On the other hand, after HSBC officials declared a cut on its target price, the top power equipment maker --Bharat Heavy Electricals-- profit figures also dropped by 0.9%.