Equities markets still in negative zone early afternoon (Second Lead)

May 26th, 2008 - 2:46 pm ICT by admin  

A file-photo of Sensex

Mumbai, May 26 (IANS) The Indian equities markets which opened in the negative zone Monday stayed in the red early afternoon. All key sectors faced selling pressure. At 12.30 p.m. the 30-share benchmark index of the Bombay Stock Exchange (BSE), The Sensex, was trading at 16,459.74 with a loss of 189.90 points from its closing figure Friday. It touched a high of 16,498.24 and a low of 16,370.09 points earlier.

At the same time, the S&P Nifty index of the National Stock Exchange was trading at 4,900.75 points with a loss of 45.80 points from its previous close.

The market breadth stayed negative. On BSE 613 stocks advanced, 1,799 declined and 57 remained unchanged.

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