Markets opens in red tracking mixed Asian cuesApril 10th, 2008 - 2:11 pm ICT by admin
Mumbai, April 10 (IANS) The Indian equities market opened in red Thursday, tracking mixed Asian cues. The benchmark sensitive index of the Bombay Stock Exchange, Sensex, opened with a loss of 35.64 points at 15,754.87 but recovered a little 10 minutes later. Ten minutes into trade, the Sensex was trading at 15,772.25 with a marginal loss of 18.26 points.
At the same time, S&P Nifty of the National Stock Exchange, which opened at 4,747.55 points with a gain of 0.15 percent, was trading at 4,736.80 points with a loss of nearly 11 points compared to its previous close.
However, the market breadth was positive with extremely low volumes. Of the scrips, 1071 advanced, 426 declined and 26 maintained the status quo at the initial trade.
In the initial trade, Larsen & Tubro, Ranbaxy Laboratories and Tata Steel were the gainers while Grasim Industries, Satyam Computer Services and Maruti Suzuki were the top laggards.
Asian markets were trading mixed. Japan’s Nikkei slipped 0.59 percent or 77.41 points at 13,034.48, Singapore’s Straits Times was down 0.37 percent or 11.51 points at 3,078.21, Hong Kong’s Hang Seng was flat at 23,989.22.
However, Taiwan’s Taiwan Weighted rose 1.495 or 129.47 points at 8,797.40 and South Korea’s Seoul Composite was up 0.31 percent or 5.43 points at 1,760.14.