Equity markets flat in early trade (Lead)June 18th, 2008 - 12:13 pm ICT by IANS
Mumbai, June 18 (IANS) The Indian equity markets were flat in initial trade Wednesday, after a mixed opening. There was selling pressure on banking, IT, technology and auto stocks. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a gain of 47.31 points at 15,744.21 points. Ten minutes into trading, it fell to 15,667.52, a loss of 29.38 points or 0.19 percent from its closing figure Tuesday.
At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,649.60 points with a loss of 3.40 points or 0.07 percent from its previous close.
The market breadth was positive. On BSE 981 shares advanced, 421 declined and 38 remained unchanged.
Ambuja Cements, ACC Ltd and Reliance Communication were among the top gainers while HDFC Bank, ONGC and Wipro were among the top losers in initial trade.
Other Asian markets were trading mixed.