Equity markets start in the redSeptember 9th, 2008 - 12:06 pm ICT by IANS
Mumbai, Sep 9(IANS) Indian equity markets, which opened lower Tuesday, stayed in the red in early trade. Oil and gas, PSU, 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 92.77 points at 14,852.20. Fifteen minutes into trading, it was at 14,813.88 points, 131.09 points or 0.88 percent below its closing figure Monday.
At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,430.55 with a loss of 51.75 points or 1.15 percent from its previous close.
The market breadth was negative. On BSE, 665 shares advanced, 818 declined and 45 remained unchanged.
ACC, Reliance Communications and ONGC Corporation were the among the gainers while Tata Motors, Sterlite Industries and BHEL were among the losers in initial trade.
Other Asian markets were also trading lower.