Markets under selling pressure in afternoon trade

May 22nd, 2008 - 3:57 pm ICT by admin  

Mumbai, May 22 (IANS) The Indian equities market extended their loss in the afternoon trade Thursday. All the key sectoral indices were under selling pressure. At 12.30 p.m., the 30-share benchmark sensitive index of the Bombay Stock Exchange was trading with a loss of 282.19 points at 16,960.97. At the day’s high, it touched 17,104.59 and saw a low of 16,885.91 points.

At the same time, the S&P Nifty of the National Stock Exchange was trading at 5,036.80, a loss of 80.85 points.

The market breadth was negative. On BSE, 1,036 shares advanced compared to 1,473 that declined while 72 remained unchanged.

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