Market trading with huge loss at afternoon trade (Second lead)

July 25th, 2008 - 2:18 pm ICT by IANS  

A file-photo of Sensex

Mumbai, July 25 (IANS) The Indian equities market extended its loss in the afternoon trade with heavy selling pressure seen in banking and oil and gas stocks. At 12:15 p.m., the 30-share BSE Sensex was down by 425.81 points or 2.88 percent at 14,351.20. At the day’s low it touched 14,315.58.

At the same time, the broader-based S&P CNX Nifty was down by 107.25 points or 2.42 percent at 4326.30.

The market breadth was negative. On BSE, 896 shares advanced while 1401 declined and 80 remained unchanged.

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