Sensex in red in morning trade

By IANS,

Mumbai: A benchmark index for Indian equities started Tuesday in the red, having shot up 471 points in the previous session.

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The 30-scrip sensitive index (Sensex) of the BSE, which opened at 16,210.37 points, was ruling at 16,072.93 points about 15 minutes into trade, 94.2 points or 0.58 percent down from its previous close at 16,167.13 points.

The Sensex had closed Monday 471 points higher, regaining the 16,000-level after a gap of three days.

The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading lower at 4,826.4 points, down 0.51 percent or 24.9 points from its previous close.

Broader markets were ruling subdued with the BSE 500 index up 0.2 percent.