Mumbai, April 11 (IANS): A benchmark index of the Indian stock markets dropped 147 points in early morning trade Friday due to selling pressure in banking, capital goods and metal stocks.
The 30 scrip sensitive index S&P Sensex of the Bombay Stock Exchange (BSE), which opened in the red at 22,642.05 points, was trading at 22568.39 points at 9.40 a.m., down 146.94 points or 0.65 percent from its previous day close at 22,715.33 points.
The Sensex hit a low of 22,548.74 points shortly after the opening.
There was selling pressure in banking, capital goods, metal, power and realty stocks.
Banking index of the BSE fell 0.87 percent. Capital goods index was down 1.05 percent; realty index was down 0.37 percent and metal index was down 1.26 percent.
The wider 50 scrip S&P Nifty of the National Stock Exchange (NSE) was down 0.54 percent at 6,759 points.