Equity markets flat in early trade

July 28th, 2008 - 12:35 pm ICT by IANS  

A file-photo of Sensex

Mumbai, July 28 (IANS) Indian equity markets, which opened marginally lower Monday, made up the deficit soon but were flat in early trade. There was buying interest was seen in select FMCG and power stocks, but banking, metal and select auto stocks were under selling pressure. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 7.91 points at 14,267.03 points. Fifteen minutes into trading, it was at 14,278.68 with a gain of 3.74 points or 0.03 percent from its closing figure Friday.

At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,330.55 points with a gain of 18.70 points or 0.43 percent from its last close.

The market breadth was positive. On BSE, 752 shares advanced, 515 declined and 40 remained unchanged.

ONGC, BHEL and ITC were among the top gainers while ICICI Bank, Sterlite Industries and Reliance Industries were among the top losers in initial trade.

Other Asian markets were trading mixed.

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