Equity markets start in the green

August 25th, 2008 - 12:17 pm ICT by IANS  

Mumbai, Aug 25 (IANS) Indian equity markets, which opened higher Monday following strong global cues and fall in crude oil prices, were in the green in early trade. There was buying interest in banking, realty, capital goods, metal and power stocks. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a gain of 241.88 points at 14,643.37. Fifteen minutes into trading, it was at 14,640.59 points, 239.10 points or 1.66 percent above its clsoing figure Friday.

At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,379.80 with a gain of 52.35 points or 1.21 percent from its previous close.

The market breadth was positive. On BSE, 1,297 shares advanced, 401 declined and 44 remained unchanged.

ICICI Bank, DLF and HDFC Bank were among the gainers while Tata Power, Hind Units Ltd and Ranbaxy Laboratories were among the losers in initial trade.

Other Asian markets were also trading higher.

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