Equities markets turn flat in early trade (Lead)

May 29th, 2008 - 12:21 pm ICT by admin  

A file-photo of Sensex

Mumbai, May 29 (IANS) The Indian equities markets turned flat in early trade Thursday, despite buying interest in metal, realty and banking stocks. The markets had opened in the green mirroring strong markets elsewhere in Asia. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a gain of 140.66 points at 16,666.03. Ten minutes into trading, it went down to 16,575.16, still with a gain of 49.79 points or 0.30 percent from its closing figure Wednesday.

At the same time the S&P Nifty index of the National Stock Exchange was trading at 4,931.50 points with a gain of 13.15 points or 0.27 percent.

The market breadth was positive. On BSE 962 shares advanced, 322 declined and 19 remained unchanged.

Jaiprakash Associates, HDFC and Wipro Ltd were among the gainers while Tata Motors, Mahindra and Mahindhra andInfosys technologies were among the losers in initial trade.

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