Sensex trades in red; consumer durables stocks down

A benchmark index of Indian equities markets was trading 335.99 points or 1.31 percent down in the late afternoon trade session Friday, as consumer durables, metal, oil and gas and capital goods stocks plummeted.

The market's early morning gains were eroded as major gainers like capital goods and bank stocks plunged amidst weak global cues following Iraq security crisis and a possible US intervention.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,677.05 points, was trading at 25,240.22 points around 1.30 p.m. trade session, down 335.99 points or 1.31 percent from previous day's close at 25,576.21 point.

The Sensex touched a high of 25,688.31 points and a low of 25,228.47 points during the trade so far.

The S&P BSE consumer durables index was down 446.68 points, followed by metal index which moved lower by 406.55 points, oil and gas index plunged 365.53 points and capital goods index lost 341.19 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading up 113.30 points or 1.48 percent at 7,536.60 points.