Markets open flat in line with Asian peers

March 27th, 2008 - 12:11 pm ICT by admin  

Mumbai, March 27 (IANS) The Indian equities markets opened flat Thursday with a modest cut, in line with Asian peers. The 30-share benchmark sensitive index of the Bombay Stock Exchange opened with a negative gap of 130 points at 16,270.12. Ten minutes into trading, the sensex was at 16,006.58 points, down nearly 80 points from its previous close.

At the same time the S&P Nifty of National Stock Exchange was at 4,817.65 points, down by 12 points from its previous close.

The market breadth was positive with modest volumes. In the initial trade 1,733 scrips advanced, 978 declined and 16 remained unchanged.

Other Asian markets were trading weak. Japan’s Nikkei slipped 1.78 percent or 225.65 points at 12,480.98. Hong Kong’s Hang Seng dropped 1.36 percent or 307.10 points at 22,309.91. Taiwan’s Taiwan Weighted declined 1.94 percent or 170.24 points at 8,597.78. Singapore’s Straits Times plunged 1.07 percent or 31.92 points at 2,963.30. South Korea’s Seoul Composite was down 1.11 percent or 18.60 points at 1,661.07.

In Mumbai, ONGC and Hindalco limited were among the gainers at initial trade while HDFC Bank, Tata motors and Infosys Technologies were among the losers.

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