Banking, metal, realty under pressure in equities markets (Lead)May 22nd, 2008 - 1:05 pm ICT by admin
Mumbai, May 22 (IANS) The Indian equities markets which opened with a loss Thursday tracking weak global cues were flat in early trade. Banking, realty, capital goods and metal sectors were under selling pressure. The 30-share benchmark index of the Bombay Stock Exchange (BSE) opened with a loss of 136.57 points at 17,104.59. Ten minutes into trading, the Sensex was at 17,029.69 with a loss of 213.47 points or 1.24 percent from its closing figure Wednesday.
At the same time the S&P Nifty index of the National Stock Exchange was trading at 5,045.05 points with a loss of 72.60 points or 1.42 percent from its previous close.
The market breadth was negative with low volumes. On BSE, 399 shares advanced, 669 declined and 23 remained unchanged.
Satyam Computers, Infosys Technologies and TCS were among the gainers while ICICI Bank, Tata Motors abd Maruti Suzuki were among the losers in initial trade at the BSE.
Other Asian markets were also trading weak.