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Market opens in red

By IANS,

Mumbai : The Indian equities market opened in red Tuesday tracking weak Asian cues. The 30-share benchmark sensitive index of the Bombay Stock Exchange opened with a loss of 66.07 points at 16,673.16.

The S&P Nifty of the National Stock Exchange opened at 5,037.05 points with a marginal gain of 0.5 points compared to its previous close.

Asian markets were trading weak. Japan’s Nikkei slipped 1.12 percent or 153.74 points at 13,542.81. Hong Kong’s Hang Seng tumbled 0.99 percent or 245.38 points at 24,476.29.Taiwan’s Taiwan Weighted fell 0.67 percent or 61.05 points at 9,022.27.

Singapore’s Straits Times declined 0.41 percent or 13.11 points at 3,157.98. South Korea’s Seoul Composite was down 0.49 percent or 8.90 points at 1,791.58.