Equities were witnessing selling pressure on Tuesday as traders created short positions after benchmarks breached support levels. Markets were reeling under selling pressure Tuesday with sharp fall seen in IT, banks and power stocks.
European stocks edge higher, energy shares gain. European shares ticked higher in early trade on Tuesday as firmer oil prices lifted energy stocks, but gains were capped by weaker bank shares.
Energy stocks were the biggest sectoral gainers on the index after crude oil rose 0.8 per cent, rebounding from a near 22-month low.
Tuesday, November 18, 2008
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