Equity markets start in the green

August 12th, 2008 - 12:08 pm ICT by IANS  

A file-photo of Sensex

Mumbai, Aug 12 (IANS) Indian equity markets opened with a marginal gain Tuesday and were in the green in early trade, with buying interest in FMCG, oil and gas and IT stocks. But bank, metal and auto stocks were under selling pressure. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a gain of 73.28 points at 15,577.20 points. Ten minutes into trade, it was at 15,553.66 points, still 49.74 points or 0.32 percent above its closing figure Monday.

At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,622.35 with a marginal gain of 1.95 points or 0.04 percent from its previous close.

The market breadth was positive. On BSE, 719 shares advanced, 499 declined and 48 remained unchanged.

Reliance Industries, Satyam Computer and Jaiprakash Associate were among the gainers while Maruti Suzuki, Sterlite Industries and HDFC were among the losers in initial trade.

Other Asian markets were trading lower.

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |