Thursday, March 9 2006 12:03 Hrs (IST) - World Time -

Mumbai: The Bombay Stock Exchange benchmark 30-share index continued its slide and fell by about 127 points in first one hour of trading today(Mar 9,2006) on massive selling by foreign funds.

The BSE index which had closed nearly 217 points lower yesterday lost another 126.89 points at 10,382.96 points at 1100 hours.

Similarly, the Nifty index on the National Stock Exchange fell by 46.85 points at 3069.85.

Selling pressure built up after reports that Foreign Institutional Investors continued to remain sellers for the second straight session and off-loaded about Rs 2,705 crore in future option (Fund O) segment in yesterday trading while in Nifty future by about Rs.2,100 crore.

The majors losers were Reliance Industries, Reliance Energy, BHEL, Larsen and Toubro, HDFC, Hero Honda, Bajaj Auto, HDFC Bank, Tata Motor, Maruti Ranbaxy, Cipla, State Bank of India, Hindalco and Tata Power.