Indian stocks fall after Bombay bombings
(AP) - Indian stocks slipped in early trading Wednesday following a series of train bombings that rocked the country's financial capital, but the selling was far more muted than many had expected.
The benchmark index of the Bombay Stock Exchange, the 30-share Sensex, fell 32 points, or 0.3 percent, to 10,581 in the first half-hour of trading, reports Trend.
The market initially opened firm on better-than-expected quarterly earnings reported by software major Infosys Technologies Ltd., which drove most technology shares up. But the gains quickly eroded amid shaky investor confidence because of Tuesday's bombings that killed at least 190 people.
Eight bombs tore through packed trains during rush hour Tuesday evening in a well-coordinated attack that Indian Prime Minister Manmohan Singh blamed on "terrorists."
With the annual monsoon rains soaking the city Wednesday morning, police picked through the torn and twisted wreckage of train cars, placing evidence in blue plastic bags.