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    Market opens red after flat Monday


    The market today opened weak. started the day at 9091, down 238 points from Monday’s close. Nifty too dipped 75 points from its previous close to open at 2772.

    On Monday, Asian markets ended firm. European markets too rallied on news of the UK government’s second bailout package for banks. Positive global cues saw Indian markets hold key levels but ended flat with investors buying in metals and realty and selling in banking stocks. Sensex shut shop at 9329, up 5 points and Nifty at 2846, up 17 points from the previous close.

    While CNX Midcap index was up 0.82 per cent, Smallcap index gained 1.13 per cent. The market breadth remained positive with advances at 713 against declines of 471 on the NSE. Top Nifty gainers included , Suzlon and SAIL while losers list consisted of , and .

    — Shailesh Shah