Sensex drops over 250 points in early trade (Lead)June 3rd, 2008 - 12:41 pm ICT by IANS
Mumbai, June 3 (IANS) The Indian equities markets, which opened deep in the red Tuesday, kept falling in initial trade. Realty, capital goods and metal sectors were under heavy selling pressure. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 211.43 points at 15,851.72. Ten minutes into trading, it had slid further to 15,813.10 with a loss of 250.08 points or 1.56 percent from its closing figure Monday.
At the same time the S&P Nifty index of the National Stock Exchange was trading at 4,679.35 with a loss of 60.25 points or 1.27 percent from its last close.
The market breadth was negative. On BSE, 240 shares advanced, 1,388 declined and 20 remained unchanged.
Grasim Industries, Tata Motors and Mahindra and Mahindra were among the few gainers while Satyam Computers, Reliance Infrastructure and BHEL were among the losers in initial trade.
Other Asian markets were also trading lower.