By IANS
Mumbai : After a strong opening of 300 points over Tuesday’s close in early morning trade, Indian stock markets gave up some of their early gains Wednesday due to profit booking in oil and gas and technology sectors and went into the red by noon.
Around noon, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down by 63.52 points or 0.34 percent, trading at 18,429. The broader S&P CNX Nifty index of the National Stock Exchange (NSE) lost ground by 21.70 points or 0.40 percent, moving to 5,452.
The BSE capital goods sector, though, was trading in the green with over one percent gain. The major gainers in this sector were Triveni Engineering at Rs.123.30 up by 5.84 percent, Crompton Greaves at Rs.378.10 up by 3.49 percent and Siemens trading at Rs.1,714.90 up by 3.41 percent.
Volatility seemed to be the theme for Wednesday’s market, as the rollover settlement period for derivative instruments is scheduled on Thursday.
Around noon Wednesday, among the top gainers on Sensex were Siemens at Rs.1,725 up by 3.75 percent, Reliance Energy at Rs.1,573.35 up by 3.32 percent and Steel Authority of India Ltd with a gain of 3.30 percent at Rs.244.30.
Top losers on Sensex around the same time were NALCO at Rs.278 down by 3.07 percent, GAIL at Rs.397 down by 2.83 percent and Grasim at Rs.3,592.90 down by 2.76 percent.