Equities slip into the red

By IANS,

Mumbai : The Indian equities market slipped into the red early Wednesday afternoon due to selling pressure on banking, realty and oil and gas sector stocks.

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The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, had opened on a positive note. But at 1.00 p.m., it was down 77.31 points or 0.44 percentt to 17,301.15.

The Sensex had hit a high of 17,480.74 in early trade before going to a low of 17,284.62 points.

The broader based S&P CNX Nifty was down by 17.15 points or 0.33 percent at 5,178.35.

However, the market breadth was strong on BSE; 1,399 shares advancced, 1,195 that declined and 78 remained unchanged.