Markets trading with loss at early trade (Lead)

June 23rd, 2008 - 12:22 pm ICT by IANS  

Mumbai, June 23 (IANS) The Indian equities market, which opened with a sharp cut following weak cues from Asian markets, was trading with loss at early trade. Selling pressure was witnessed in capital goods, metals and realty stocks. The 30-share benchmark sensitive index of Bombay Stock Exchange opened with a loss of 148.24 points at 14,423.05 points. Ten minutes into trade, the sensex was trading at 14,391.12 with a loss of 180.17 points or 1.24 percent.

At the same time, the S&P Nifty of National Stock Exchange was trading at 4,333.50 points with a loss of 14.03 points or 0.32 percent compared to its last close.

The market breadth was negative. On BSE, 271 shares advanced compared to 924 that declined and 19 remained unchanged.

ONGC, Satyam, and TCS were among the top gainers while Jaiprakash, Hindalco and Reliance Industries were among the top losers at the initial trade.

Asian markets were trading lower.

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