Equity indices open in red on weak Asian cues

Mumbai, Aug 13 (IANS) The key Indian equity indices opened on a negative note on Monday tracking a similar trend in the Asian markets.

Heavy selling pressure was witnessed in banking, auto and metal stocks, analysts said.

At 9.30 a.m. the wider Nifty50 on the National Stocks Exchange traded at 11,362.50 points, lower by 67 points or 0.59 per cent from its previous close.

The S&P BSE Sensex which had opened at 37,693.19 points, traded at 37,640.68 points (9.30 a.m.), lower by 228.55 points or 0.60 per cent from the previous close of 37,869.23 points.

It has touched a high of 37,693.19 points and a low of 37,581.07 points so far.