Equity markets continue downslide

From correspondents in Maharashtra, India, 05:30 PM IST Indian equity markets continued their losing streak and closed in the red for the fifth day running, on the back of weak global cues. Selling pressure was witnessed by all the sectors. Except power and banking, all the sectoral indices ended the day at a loss. The market started on a downslide and continued to fall till afternoon. It recovered somewhat in the last hour of trading. The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 14,517.76 points, touched a low of 14,368.72 points before closing at 14,543.73 points. It went down by 101.93 points or 0.70 percent at the day's close. The S and amp;P CNX Nifty index of the National Stock Exchange, which opened at 4,393.10 points, closed at 4,368.25. It went down by 24.80 points or... [read full story]