Equity markets move into red zone by early afternoon (Lead)August 8th, 2008 - 2:47 pm ICT by IANS
Mumbai, Aug 8 (IANS) Indian equity markets were trading with losses Friday afternoon. There was selling pressure on banking, realty and technology stocks. At 12:45 p.m., the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was 14,975.65, down 141.60 points or 0.94 percent from its closing figure Thusday. It had touched a low of 14,888.12 earlier Friday.
At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was down by 34.50 points or 0.76 percent at 4,489.35.
The market breadth was negative. On BSE, 1,025 shares advanced, 1,428 declined and 79 remained unchanged.