Markets trading with deep cut in early afternoon trade (Second Lead)

June 23rd, 2008 - 2:46 pm ICT by IANS  

A file-photo of Sensex

Mumbai, June 23 (IANS) Concerns of further tightening of monetary policy triggered fresh sales in the market which is trading with a deep cut in early afternoon trade Monday. Realty and capital goods stocks were the worst hit. At 12:30 p.m., the 30-share BSE Sensex was down by 319.58 points or 2.19 percent at 14,251.71. At the day’s low, it touched 14,163.45.

The market breadth was negative. On BSE, 315 shares advanced compared to 2,117 that declined while 38 remained unchanged.

At the same time, the broader-based S&P CNX Nifty was down by 97.45 points or 2.36 percent at 4,245.00

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