Market Activity: Key share indices were down 1% even as the finance minister began detailing the Union Budget 2008-09 (Apr-Mar) in Lok Sabha. Global markets have been weak since August, and impact on local markets is not clear, the FM said in his opening remarks.

At 11.05AM, Sensex was 17708.09, down 114.91 points or 0.6% from Thursday. Nifty was at 5244.95, down 40.15 points or 0.8%. Worst hit were: Suzlon Energy, down 4%, Bharat Petroleum, down 4%, and Tata Communications, down 2.8%. Cairn India, up 2%, Satyam Computer Services, up 1.5%, and Steel Authority of India, up 1.2%, was among gainers. CNX Midcap Index was nearly flat.

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