Equity markets start in the red

September 4th, 2008 - 12:49 pm ICT by IANS  

Mumbai, Sep 4 (IANS) Indian equity markets, which opened lower Thursday following weak global cues, were in the red in early trade. Realty, power and metal stocks were under selling pressure. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 154.01 points at 14,895.85. Twenty minutes into trading, it was at 14,782.04 points, 267.82 points or 1.78 percent below its closing figure Wednesday.

At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,438.05 with a loss of 65.95 points or 1.46 percent from its previous close.

The market breadth was negative. On BSE, 726 shares advanced, 1,032 declined and 50 remained unchanged.

Grasim Industires, TCS, Infosys were among the gainers while Sterlite Industries, DLF and HDFC Bank were among the losers in initial trade.

Other Asian markets were also trading lower.

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