Equity markets start in the red againSeptember 10th, 2008 - 12:19 pm ICT by IANS
Mumbai, Sep 10 (IANS) Indian equity markets, which opened lower Wednesday, stayed in the red in early trade. Metal, banking, pharma and capital goods stocks were under selling pressure. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a loss of 183.23 points at 14,717.53. Fifteen minutes into trading, it was at 14,779.03 points, 121.73 points or 0.82 percent below its closing figure Tuesday.
At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,428.25 with a loss of 40.45 points or 0.91 percent from its previous close.
The market breadth was negative. On BSE, 724 shares advanced, 879 declined and 66 remained unchanged.
Ranbaxy, Wipro and DLF Ltd were among the gainers while Sterlite, ICICI Bank and Reliance Industries were among the losers in initial trade.
Other Asian markets were also trading lower.