Market opens flat, day after second biggest fall

March 18th, 2008 - 12:53 pm ICT by admin  

A file-photo of Sensex

Mumbai, March 18 (IANS) The Indian equities market opened flat Tuesday with a marginal cut mirroring its global peers, a day after its second biggest fall. The Sensex, the 30-share benchmark sensitive index of the Bombay Stock Exchange, opened with a marginal downturn of 84 points at 14,725.68. With 20 minutes into the trade, it was trading at 14,890.63, up by nearly 82 points compared to its previous close.

At the same time, the S&P Nifty of National Stock Exchange was up by 24 points at 4,527.60 points from its previous close.

The market breadth was modest with low volumes. In the initial trade, 516 scrips advanced, 465 declined and 21 remained unchanged.

Asian markets were trading lower barring Nikkei. Shanghai Composite fell 1.79 percent or 68.21 points at 3,751.84. Hang Seng was down 2.37 percent or 499.75 points at 20,584.86. Jakarta Composite plunged 2.22 percent or 51.44 points at 2,260.88.

Straits Times was down 0.82 percent or 23.01 points at 2,769.74. Seoul Composite went down 3.74 points or 0.24 percent at 1,570.70. Taiwan Weighted fell 0.07 percent or 5.56 points at 7,999.90.

ICICI Bank, Reliance Energy, Tata Power, HDFC Bank, Tata Comm, Satyam, L&T, Reliance Ind and SBI were major losers at early trade here.

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