Equities opened with a negative bias on Thursday on the back of weak global cues and high oil prices but slipped further as profit booking set in realty and banking stocks.
Rise in oil prices also subdues the sentiment. Crude shot up by a dollar in international market following gains of $3 in previous trade. US crude was up to $116.91 per barrel.
Investors were also exiting ahead of extended weekend and inflation data for early August which pegged to be around 12.21 per cent. Marketmen were expecting some relaxation for foreign investors after the SEBI meet but that too ended as an non-event.
Thursday, August 14, 2008
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