Equity markets go further in the red early afternoon

By IANS,

Mumbai : Indian equity markets went further in the red early Tuesday afternoon. There was heavy selling pressure on metal, power, FMCG and capital goods stocks. All the sectoral indices were losing ground.

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At noon, the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was at 14,516.10, down 129.56 points or 0.88 percent from its closing figure Monday. It had touched a low of 14,481.13 points earlier Tuesday.

At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was down by 35.70 points or 0.81 percent at 4,357.35.

The market breadth was negative. On BSE, 822 shares advanced, 1,444 declined and 86 remained unchanged.