Equity markets on the upswing in early trade

June 16th, 2008 - 12:15 pm ICT by IANS  

A file-photo of Sensex

Mumbai, June 16 (IANS) The Indian equity markets, which opened on the upswing Monday, maintained their momentum in early trade. There was buying interest in metal, realty and banking stocks. Ten minutes after the opening bell, the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was at at 15,509.63 with a gain of 320.01 points or 2.11 percent compared to its closing figure Wednesday.

At the same time the S&P Nifty index of the National Stock Exchange was at 4,602.70 points with a gain of 85.60 points or 1.90 percent from its last close.

The market breadth was positive. On BSE, 1,102 shares advanced, 175 declined and 16 remained unchanged.

ICICI Bank, HDFC and Jaiprakash Associate were among the top gainers while Tata Motors was the only prominent loser in initial trade.

Other Asian markets were also trading high.

Tags: , , , , , , ,

Posted in Business |