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Mumbai, Sep 12 - A benchmark index of Indian equities markets was trading 132.25 points or 0.66 percent down in pre-noon trade Thursday.

Selling pressure was observed in banking index (bankex), IT, consumer durables and metal stocks, while some good buying was seen in healthcare and realty stocks.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 20,046.05 points, was trading at 19,865.20 points, down 132.25 points or 0.66 percent from its previous day's close at 19,997.45 points.

Prices of gold will likely fall below $1,300 towards the end of 2014 as the U. S. will withdraw its monetary stimulus program, London-based metals consultancy Thomson Reuters GFMS said.

Updating its Gold Survey 2013, GFMS said average gold price could hit $1,500 per ounce by early next year but make a retreat below $1,300 towards the end of the year.

GFMS expects average gold price to be settle at around $1,350 per ounce in 2014, down 7 per cent from this year's average of $1,446.

The non-banking finance division of India Infoline Ltd on Wednesday announced its decision to issue secured redeemable non-convertible debentures (NCDs) to raise Rs 1,050 crore.

India Infoline Finance said it would issue redeemable NCDs, which would mature in three years and five years, will have a face value of Rs 1,000 each. The face value of the NCDs would aggregate up to Rs 525 crore, while an option to retain over-subscription of a similar amount will take the figure to the company's target of Rs 1,050 crore.

Mustard yesterday settled up 1.55% at 3535 tracking firm

Wheat yesterday settled up 0.25% at 1579 due to weak arrivals of wheat in local mandies along wit

CPO yesterday settled down -0.23% at 530.9 weig