Market trading with a loss after fuel price hike (Second Lead)

June 4th, 2008 - 4:09 pm ICT by IANS  

Mumbai, June 4 (IANS) The Indian equities market traded flat and extended its loss in the afternoon session after the Cabinet Committee on Political Affairs (CCPA) approved a hike in fuel prices. Oil stocks reacted positively, but the overall impact on the market was negative. At 1:30 IST, the 30-share benchmark sensitive index of Bombay Stock Exchange was trading at 15,740.11 with a loss of 222.45 points. It touched a high of 15,992.90 and a low of 15,679.53 points.

At the same time, the S&P Nifty of National Stock Exchange was trading at 4653.05 points with a loss of 62.85 points.

The market breadth is negative. On BSE, 1104 stocks advanced compared to 1350 that declined with 74 remaining unchanged.

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