Equity markets flat in early trade

August 5th, 2008 - 12:18 pm ICT by IANS  

A file-photo of Sensex

Mumbai, Aug 5 (IANS) Indian equity markets, which opened slightly lower Tuesday, were flat in early trade. There was selling pressure on banking, FMCG and oil stocks but buying interest in power, capital goods and realty stocks. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 15.19 points at 14,562.68 points. Ten minutes into trading, it had wiped out the loss and reached 14,630.51 points, a gain of 52.64 points or 0.36 percent from ts closing figure Monday.

At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,408.10 with a gain of 12.75 points from its previous close.

The market breadth was positive. On BSE, 838 shares advanced, 212 declined and 13 remained unchanged.

Jaiprakash Associate, Hindalco and Reliance Infrastructure were among the gainers while Sterlite Industries, Tata Steel and Infosys were among the losers in initial trade.

Other Asian markets were trading lower.

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