Equities markets on a downslide in early trade (Lead)

May 26th, 2008 - 12:20 pm ICT by admin  

A file-photo of Sensex

Mumbai, May 26 (IANS) India’s equities markets were on a downslide in early trade Monday, with consumer goods, metal and banking stocks under selling pressure. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 181.32 points at 16,468.32. Ten minutes into trading, it went down to 16,437.85 with a loss of 211.78 points or 1.27 percent compared to Friday’s closing figure.

At the same time the S&P Nifty index of the National Stock Exchange was trading at 4,900.80 points with a loss of 45.75 points or 0.92 percent.

The market breadth was negative. On BSE 358 shares advanced, 1,245 declined and 30 remained unchanged.

Bharti Airtel, Cipla and TCS were among the gainers while BHEL, Jaiprakash Associate and Reliance Infrastructure were among the losers in initial trade.

Other Asian markets were also trading lower.

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