Equity markets in the red early afternoon (Lead)

August 28th, 2008 - 3:39 pm ICT by IANS  

Mumbai, Aug 28 (IANS) Indian equity markets were in the red early Thursday afternoon. There was selling pressure on realty, banking and oil and gas stocks.At 12:30 p.m., the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, at 14,238.59 points, down 58.20 points or 0.41 percent from its closing figure Wednesday. It had touched a low of 14,221.83 points earlier Thursday.

At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was down by 10.60 points or 0.25 percent at 4,281.50.

The market breadth was negative. On BSE, 961 shares advanced, 1,337 declined and 109 remained unchanged.

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