Equities stay in negative zone (Second Lead)

May 12th, 2008 - 3:53 pm ICT by admin  

A file-photo of Sensex

Mumbai, May 12 (IANS) Indian equities markets that opened in the negative zone Monday continued to trade flat in the afternoon due to selling pressure across key sectors. These included realty, metals, public sector undertakings, capital goods, and automobiles scrips. At 1.30 p.m., the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex was down 29.20 points or 0.17 percent to 16,707.87.

The Sensex had hit a high of 16,774.50 points in early trade. At the day’s low, it touched 16,546.55.

At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was down by 16.90 points or 0.37 percent at 4,964.10.

The market breadth was negative with low trading volumes on BSE. While 596 shares advanced, 1,968 declined and 50 remained unchanged.

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