Home Economy Sensex pulls into green after weak start

Sensex pulls into green after weak start

By IANS,

Mumbai : A key index of the Indian equities markets pulled back into the green Thursday after starting in the red. The recovery was helped by other Asian bourses which also moved into positive terrain.

At 12.10 p.m., the 30-scrip benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened lower at 15,169.23 points, was at 15,275.45 points — 102.94 points or 0.68 percent higher than Tuesday’s closing figure.

The S&P CNX Nifty of the National Stock Exchange (NSE) too was trading in the green at 4,538.65 points, up 0.56 percent.

Broader market indices also moved into the positive with the BSE midcap index trading 0.41 percent higher and the BSE smallcap index moving up 0.75 percent.

Of the 13 sectoral indices on the BSE, those for IT, technology and realty stocks were gaining the most, while capital goods and healthcare scrips came under selling pressure.

The market breadth was tilted towards the positive on the BSE, with 1,361 stocks rising compared to 1,000 declining. Seventy-two remained unchanged.

Among prominent gainers on the Sensex at this time were TCS up 3.44 percent at Rs.517; Hindustan Unilever up 2.97 percent at Rs.276; HDFC up 2.84 percent at Rs.2,430.05; and Wipro up 2.6 percent at Rs.478.85.

Losers included Sun Pharma down 5.41 percent at Rs.1,124; Hindalco down 0.79 percent at Rs.93.90; BHEL down 0.73 percent at Rs.2,222 and Bharti Airtel down 0.54 percent at Rs.421.

In other Asian markets, the Nikkei 225 Stock Average, a key index of the Tokyo Stock Exchange closed marginally up at 10,165.21 points, up 51.97 points.

However, the Hang Seng, the primary index of the Hong Kong Stock Exchange, was ruling in the green at 20,286.48 points, up 150.98 points.