Business Thursday, May 29, 2008

Equities markets stay flat early afternoon

From correspondents in Maharashtra, India, 02:01 PM IST

The Indian equities markets which opened with a positive gap Thursday were trading flat amidst volatility early afternoon.

At 12:30 p.m. the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was trading at 16,531.42 with a marginal gain of 6.05 points from Wednesday's closing figure. It touched a high of 16,666.03 and a low of 16,493.34 points earlier Thursday.

At the same time, the S and amp;P Nifty index of the National Stock Exchange was trading at 4,925.10 points with a gain of just 6.75 points from its previous close.

However, the market breadth remained positive. On BSE, 1,455 stocks advanced, 958 declined and 76 remained unchanged.

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