Home Economy Markets go quiet, Sensex still down

Markets go quiet, Sensex still down


Mumbai : Indian equities markets were trading quiet around noon Wednesday, with a key index hovering marginally below its previous close.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which had opened at 12,100.69 points, was ruling at 12,105.67 points, 27.50 points or 0.23 percent lower than its previous close.

However, the S&P CNX Nifty of the National Stock Exchange (NSE) was ruling at 3,666.75 points, 0.13 percent higher than its last close.

Broader market indices were also trading in the positive terrain, with the BSE midcap index gaining 1.13 percent, while the BSE smallcap index was up 1.91 percent.

All the 13 sectoral indices on the BSE were in positive terrain, with the indices for PSUs, power and oil and gas stocks gaining the most.

The market breadth was positive with 1,434 stocks advancing, 660 declining and 83 remaining unchanged.

Top gainers included Hindalco, up 2.57 percent at Rs.63.75; Reliance Communications, up 2.26 percent at Rs.242.40; Ranbaxy, up 2.17 percent at Rs.181.15; and ONGC, up 2.11 percent at Rs.904.

Losers around this time included ICICI Bank, down 3.5 percent at Rs.549.50; TCS, down 3.3 percent at Rs.629; Sterlite, down 2.28 percent at Rs.467.95; and Tata Steel, down 2.15 percent at Rs.280.

In other Asian markets, the Hang Seng, a key index of the Hong Kong Stock Exchange, was ruling 35.32 points higher in the green at 16,465.40 points.

All three major US stock indices ended Tuesday in the red with the blue-chip Dow Jones Industrial Average falling 16.09 points, or 0.19 percent from its previous close to 8,410.65 points.

The broader Standard and Poor’s 500 Index lost 3.44 points or 0.38 percent, to 903.8 points, while the Nasdaq lost 0.54 percent or 9.44 points to 1,754.12 points.