Equity markets at a loss in early trade (Lead)

August 1st, 2008 - 12:15 pm ICT by IANS  

A file-photo of Sensex

Mumbai, Aug 1 (IANS) Indian equity markets, which opened at a loss Friday following weak global cues, stayed in the red in early trade. There was selling pressure on realty, banking and select technology stocks. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 291.49 points at 14,064.26. Ten minutes into trading, it had recovered somewhat to 14,153.92, which was still 201.83 points or 1.41 percent below its closing figure Thursday.

At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,270.65 points with a loss of 62.30 points or 1.44 percent from its last close.

The market breadth was negative. On BSE, 351 shares advanced, 628 declined and 24 remained unchanged.

Tata Steel, NTPC and Hindalco were among the top gainers while Reliance Communications, DLF and HDFC Bank were among the losers in initial trade.

Other Asian markets were also trading lower.

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