Equity markets stay flat early afternoon (Lead)

August 5th, 2008 - 2:56 pm ICT by IANS  

A file-photo of Sensex

Mumbai, Aug 5 (IANS) Indian equity markets stayed flat early Tuesday afternoon despite extremely volatile trading. There was selling pressure on metal and select oil and gas and IT stocks. At 1:00 p.m., the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was at 14,554.65 points, down 23.22 points or 0.16 percent from its closing figure Monday. It had touched a low of 14,529.21 earlier Tuesday.

At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was down by 6.75 points or 0.15 percent to 4,388.60.

The market breadth was positive. On BSE, 1,532 shares advanced, 932 declined and 66 remained unchanged.

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