Equities markets turn choppy in early trade (Lead)May 28th, 2008 - 12:19 pm ICT by admin
Mumbai, May 28 (IANS) The Indian equities markets that opened with a positive gap Wednesday turned choppy in initial trade. Power, auto, metal and capital goods sectors were under selling pressure. The 30-share sensitive index of the Bombay Stock Exchange (BSE), the Sensex, opened with a gain of 83.03 points at 16,358.62. Fifteen minutes into trading, it was at 16,335.92 points.
At the same time the S&P Nifty index of the National Stock Exchange was trading at 4,856.85 points with a loss of 2.95 points or 0.06 percent from its previous close. The Nifty had opened with a marginal gain.
The market breadth was positive. On BSE, 880 shares advanced, 535 declined and 26 remained unchanged.
Ambuja Cements, ACC Ltd and Bharti Airtel were among the gainers while BHEL, ICICI Bank and Tata Motors were among the losers in initial trade.
Other Asian markets were trading mixed.