|
Tuesday August 18, 11:10 AM
|
|
BSE Sensex seesaws early; Reliance Comm slips
MUMBAI (Reuters) - The BSE Sensex (^BSESN : 16632.01 -222.92
) was choppy in early trade on Tuesday, as long-term investors looked to enter the market after it dropped 4.1 percent on Monday in its biggest fall since the budget in early July.
Domestic economic concerns after poor rains this year and a string of recent data that has renewed doubts about a global recovery kept investors wary.
At 0429 GMT, No. 2 telecoms firm Reliance Communications (RCOM.NS : 166.6 -1.5) was down 0.3 percent at 244.65 rupees after sources told Reuters the company was in talks to buy the African assets of Kuwait's Zain. The Times of India newspaper said Zain's operations, Celtel, were valued at $10 billion.
The 30-share BSE index was up 0.3 percent at 14,826.09 points, with 22 stocks gaining, after opening down 0.3 percent.
The 50-share NSE (^NSEI : 4941.75 -63.8) index was up 0.4 percent at 4,404.25.
