Equity markets slip into red early afternoon (Second Lead)

May 23rd, 2008 - 3:12 pm ICT by admin  

A file-photo of Sensex

Mumbai, May 23 (IANS) Indian equities markets, which opened in the positive zone Friday, slipped into the red following release of government data that showed an inflation rate of 7.82 percent for the week ending May 10. At 1.00 p.m., the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was trading at 16,873.77 with a loss of 33.44 points. It had earlier touched a high of 17,054.34 and a low of 16,870.95.

At the same time, the S&P Nifty index of the National Stock Exchange was trading at 4,987.15 points with a loss of 38.30.

The market breadth turned negative. On BSE, 1,193 stocks advanced, 1,316 declined and 98 remained unchanged.

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