Indian equities open lower on profit taking

November 4th, 2008 - 12:28 pm ICT by IANS  

SensexMumbai, Nov 4 (IANS) Amid mixed global cues, Indian equities opened lower Tuesday after the gains made during two successive trading sessions, as investors resorted to profit taking.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 10,304.57 points, against the previous close at 10,337.68 points, and soon dipped to 10,116.22 points.

Some 45 minutes into trading, the index was ruling at 10,232.31 points. At that level, the 30-share bellwether was down 105.37 points, or 1.02 percent.

Only three out of 13 sector-specific indices were in the green, while in the case of Sensex, 22 were in the red and only eight managed to stay afloat.

Oil and Natural Gas Corp (ONGC), the State Bank of India and Ranbaxy Laboratories led the gainers, while the lowers were led by Tata Motors, Sterlite and Satyam Computers.

At the National Stock Exchange (NSE), the broader S&P CNX Nifty was ruling at 3,020.90 points, with a loss of 0.75 percent

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