Indian equity markets open on a flat note

Mumbai May 17 (IANS) After a day of record highs the Indian equity markets opened on a flat note during the early morning trade session on Wednesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) which opened above the the 9 500-mark traded at 9 494.95 points (around 9.20 a.m.) -- down 17.70 points or 0.19 per cent.

The Nifty had crossed the 9 500-mark for the first time on Tuesday.

At 9.20 a.m. on Wednesday the 30-scrip Sensitive Index (Sensex) of the BSE which opened at 30 616.53 points traded at 30 543.05 points -- down 39.55 points or 0.13 per cent from its previous close at 30 582.60 points.

The Senex has so far touched a high of 30 620.72 points and a low of 30 519.14 points.

The BSE market breadth was bearish -- with 650 declines and 624 advances.

On Tuesday the benchmark indices touched fresh closing as well as intra-day highs as positive global cues along with healthy macro-economic data and expectation of a normal monsoon buoyed investors sentiments.

The NSE Nifty closed at a new high of 9 512.25 points and an intra-day high of 9 517.20 points. The BSE Sensex closed at a fresh high of 30 582.60 points and intra-day high of 30 591.55 points.

--IANS
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