Realty and banking stocks in demand at initial trade

April 23rd, 2008 - 2:11 pm ICT by admin  

A file-photo of Sensex

Mumbai April 23 (IANS) The Indian equities market opened in green Wednesday tracking strong Asian markets, which were running higher. Realty and consumer goods counter were witnessing buying interest. The 30-share benchmark sensitive index of the Bombay Stock Exchange opened with a gain of 54.79 points at 16,823.99. Ten minutes into trade, the Sensex was trading at 16,836.87 with a gain of 53 points or 0.32 percent.

At the same the time, the S&P Nifty of the National Stock Exchange was trading at 5,069.05 points with a marginal gain of 19.75 or 0.39 percent compared to its previous close.

The market breadth was positive with low volumes. On BSE, 694 scrips advanced, 156 declined and 11 remained unchanged.

Infosys, Larsen & Toubro and DLF were the gainers while Satyam, Tata Steel, HDFC bank Ltd were the losers at initial trade.

Asian markets were trading firm. Japan’s Nikkei gained 0.69 percent or 92.83 points at 13,640.65.Hong Kong’s Hang Seng rose 0.58 percent or 145.86 points at 25,085.01. Singapore’s Straits Times advanced 0.44 percent or 14.03 points at 3,201.26. South Korea’s Seoul Composite added 0.94 percent or 16.72 points at 1,804.21. Taiwan’s Taiwan Weighted was flat at 9,037.25.

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