Equity markets slip into red early afternoon (Lead)August 18th, 2008 - 2:51 pm ICT by IANS
Mumbai, Aug 18 (IANS) Indian equity markets continued to trade flat early Monday afternoon after a volatile session. There was buying interest in technology, FMCG and capital goods stocks while metal, oil and gas and auto stock were under selling pressure. At 12:40 p.m., the 30-share benchmark in dexo iof the Bombay Stock Exchange (BSE), the Sensex, was down by 42.34 points or 0.29 percent at 14,681.84. It had touched a low of 14,602.12 earlier Monday.
At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was down by 24.20 points or 0.55 percent at 4,406.50.
The market breadth turned negative. On BSE, 1,071 shares advanced, 1,256 declined and 85 remained unchanged.