Indian equities trading flat (Lead)May 9th, 2008 - 12:18 pm ICT by admin
Mumbai, May 9 (IANS) The Indian equities markets, which opened in negative zone Friday, were flat in early trade. Power, realty, IT and banking sectors were under selling pressure. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 57.16 points at 17,020.79. Ten minutes into trading, it reached 17,036.82 points with a loss of 43.83 points or 0.26 percent from Thursday’s closing figure.
At the same time the S&P Nifty index of the National Stock Exchange was trading at 5,067.80 with a loss of 13.90 points or 0.27 percent from its previous close.
However, the market breadth was positive. On BSE, 680 shares advanced as compared to 632 that declined; 32 remained unchanged.
Bharti, DLF and Larsen and Toubro were among the early gainers while HDFC, BHEL and ACC Ltd were among the losers in initial trade.
Other Asian markets were also trading weak.