Indian stocks decline 0.4%

15:02, May 11, 2010      

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Indian main stock index Sensex dipped 0.4 percent or 68.63 points in the early session of Tuesday with softening upward momentum.

Sensex opened at 17,336.13 points on Tuesday, 5.58 points higher from previous close of 17,330.55 and turned red soon dragged by realty, IT and technological shares.

Realty, IT, Technological and metal sectors saw looses of 1.03 percent, 0.76 percent, 0.61 percent and 0.54 percent, respectively, after 15 minutes of trading.

Private power generator Tata Power, Indian largest oil and gas company ONGC, software outsourcing player WIPRO sank 1.53 percent, 1.29 percent and 1.2 percent, respectively.

Still, the auto sector picked up 0.51 percent on near 40 percent year-on-year sales growth during April, with Mahindra & Mahindra and Hero Honda up 2.13 percent and 1.38 percent.

Sensex is the common name for the Bombay Stock Exchange Sensitive Index. It consists of the 30 largest and most actively traded stocks, representative of various sectors, on the Bombay Stock Exchange.



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