Business Thursday, September 11, 2008

Equity markets stay in the red

From correspondents in Maharashtra, India, 04:00 AM IST

Indian equity markets stayed in the red early Wednesday. Realty, banking and capital goods stocks were under selling pressure.

At noon, the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was at 14,823.09 points, down 77.67 points or 0.52 percent from its closing figure Tuesday. It had touched a low of 14,714.52 points earlier Wednesday.

At the same time the broader based S and amp;P CNX Nifty index of the National Stock Exchange was at 4446.50 points, down 22.20 points or 0.50 percent from its previous close.

The market breadth was negative. On BSE, 1,071 shares advanced, 1,231 declined and 106 remained unchanged.

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