Sensex down 1.3 percent in early trade

By IANS,

Mumbai : A benchmark index for Indian equities Friday opened in the red and was ruling 1.3 percent lower than its previous close, about 30 minutes into trade.

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The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,317.94 points, was ruling at 16,299.34 points, 220.34 points or 1.33 percent down from its previous close at 16,519.68 points.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 4,880.9 points, down 1.35 percent from its previous close.

Selling pressure intensified in broader markets, with the BSE midcap index ruling 1.89 percent down and the BSE smallcap index 2.26 percent lower.