Sensex wipes out loss by early afternoon (Lead)

August 22nd, 2008 - 3:29 pm ICT by IANS  

Mumbai, Aug 22 (IANS) The main index of the Bombay Stock Exchange (BSE) recovered its morning loss and was trading in the green early Friday afternoon. Oil and gas and banking stocks led the recovery. However, the main index of the National Stock Exchange (NSE) stayed in the red.At 1:30 p.m., the 30-share benchmark index of the BSE, the Sensex, was at 14,328.99 points, up 85.26 points or 0.60 percent from its closing figure Thursday. It had touched a high of 14,377.79 points earlier.

But at the same time the broader-based S&P CNX Nifty index of the NSE was at 4,303.55 points, down 19.70 points or 0.46 percent from its previous close.

In Mumbai, the market breadth was negative. On BSE, 1,177 shares advanced 1,243 declined and 124 remained unchanged.

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