Equity markets start with a loss

July 3rd, 2008 - 12:07 pm ICT by IANS  

A file-photo of Sensex

Mumbai, July 3 (IANS) Indian equity markets started with a loss Thursday, mirroring weak global markets. Power, realty and capital goods stocks were under selling pressure in initial trade. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 133.94 points at 13,530.68 points. Ten minutes into trading, it fell further to 13,290.97, a loss of 373.65 points or 2.73 percent from its closing figure Wednesday.

The S&P Nifty index of the National Stock Exchange was trading at 3,969.45 points ten minutes after opening, with a loss of 123.90 points or 3.03 percent from its last close.

The market breadth was negative. On BSE, 313 shares advanced, 964 declined and 30 remained unchanged.

HDFC, Reliance Infrastructure and Tata Steel were among the major losers in initial trade.

Other Asian markets were also trading lower.

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