Indian equities market starts on downward curveApril 15th, 2008 - 12:10 pm ICT by admin
Mumbai, April 15 (IANS) Banking and metal stocks came under selling pressure in the Indian equities market Tuesday after it opened with a sharp cut tracking weak cues from other Asian markets. The 30-share benchmark index of the Bombay Stock Exchange, the Sensex, opened with a loss of 113.23 points at 15,694.41. Ten minutes into trading, the Sensex had slid to 15,663.82, a loss of 143.82 points from last Friday’s close.
The stock markets had been closed Monday due to Ram Navami.
Ten minutes into trading Tuesday, the S&P Nifty index of the National Stock Exchange had slipped to 4,751.05, a loss of 26.75 points from its previous close.
The market breadth was negative with low volumes. In the initial trade 389 scrips advanced, 575 declined and 23 remained unchanged.
Infosys technologies, Ranbaxy Lab, Wipro were among the gainers while ICICI Bank, HDFC Bank and Tata Motors were among the stocks that edged lower in early trade.