Equity markets stay in the red early afternoon (Lead)

September 1st, 2008 - 2:40 pm ICT by IANS  

Mumbai, Sep 1 (IANS) Indian equity markets stayed in the red early Monday afternoon. Banking, metal 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, at 14,343.55 points, down 220.98 points or 1.52 percent from its closing figure Friday. It had touched a low of 14,281.10 points earlier Monday.

At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was down 63.35 points or 1.45 percent at 4,296.65.

The market breadth remained negative. On BSE, 1,015 shares advanced, 1,334 declined and 74 remained unchanged.

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