Equity markets open in the red

August 26th, 2008 - 12:13 pm ICT by IANS  

Mumbai Aug 26 (IANS) Indian equity markets, which opened lower Tuesday following weak global cues, were in the red in early trade. There was selling pressure on realty, oil and gas and metal stocks. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 112.08 points at 14,338.27. Fifteen minutes into trading, it was at 14,358.97 points, 91.38 points or 0.63 percent below its closing figure Monday.

At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,311.85 with a loss of 23.50 points or 0.54 percent from its previous close.

The market breadth was negative. On BSE, 582 shares advanced, 814 declined and 42 remained unchanged.

Satyam Computers, Wipro and TCS were among the gainers while Reliance Industries, DLF, Jaiprakash Associate were among the losers in initial trade.

Other Asian markets were also trading lower.

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