Equity markets in positive zone during early trade (Lead)

May 27th, 2008 - 12:23 pm ICT by admin  

A file-photo of Sensex

Mumbai, May 27 (IANS) The Indian equities markets which opened with a positive gap tracking strong global cues were trading strong early Tuesday morning. There was buying interest in consumer goods, metal and oil and gas sectors. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 16,454.75. At 10.45 a.m., it was at 16,442.00, still a gain of 93.50 points from Monday’s closing figure.

Ten minutes ino trading, the S&P Nifty index of the National Stock Exchange was at 4,900.75 points with a gain of 25.70 points or 0.53 percent from its previous close.

The market breadth was positive. On BSE, 995 shares advanced, 325 declined and 21 remained unchanged.

BHEL, Jaiprakash Associates and Reliance Communications were among the gainers while TCS, Infosys and Ambuja Cements were among the losers in initial trade.

Other Asian markets were also trading higher.

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