Equity market still in red early afternoon (Lead)

September 11th, 2008 - 3:22 pm ICT by IANS  

SensexMumbai, Sep 11 (IANS) Indian equity markets continued to trade in the red Thursday afternoon. Realty, banking and capital goods stocks were under selling pressure. At 1:00 p.m., the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was at 14,337.76 points, down 324.85 points or 2.22 percent from its closing figure Wednesday. It had touched a low of 14,287.54 points earlier Wednesday.

At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was down by 111.90 points or 2.54 percent at 4,288.35.

The market breadth was negative. On BSE, 691 shares advanced, 1,750 declined and 84 remained unchanged.

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