RIL, Bharti Airtel edge higher in early trade

New Delhi : US debt worries pulled Indian stocks lower in early trade. The BSE Sensex was down 26.59 points or 0.14%. The market breadth was strong. Asian shares fell on Monday, 25 July 2011, after US leaders failed over the weekend to agree to raise the nation's debt ceiling ahead of a looming deadline on August 2, raising worries about a possible sovereign default.

Reliance Industries (RIL) edged higher after the government after trading hours on Friday, 22 July 2011, approved RIL's proposed $7.2 billion asset sale to BP PLC. Sterlite Industries edged higher ahead of Q1 result. Realty stocks declined as the Reserve Bank of India (RBI) is seen raising its key lending rate by 25 basis points at a monetary policy review tomorrow, 26 July 2011.