Sensex sheds modest early gains

By IANS,

Mumbai : A benchmark index of Indian equities slipped from the modest highs seen in morning and was ruling flat in afternoon trade. Broader markets, however, continued to attract buying.


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The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,700.42 points, was ruling at 20,676.5 points, down 11.38 points or 0.06 percent from its previous close at 20,687.88 points.

It had moved up 167 points to 20,854.55 points soon after the opening bell.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty was flat at 6,234 points.

Broader markets were in the green with the BSE midcap index ruling 0.5 percent higher and the BSE smallcap index 0.34 percent up.

Realty, metal and IT stocks made gains, while capital goods scrips saw losses.

The market breadth was mixed with 1,399 stocks advancing, 1,487 declining and 101 remaining unchanged.

Other Asian markets were on the rise enthused by good corporate earnings posted by bluechip companies in the US.

Hong Kong’s Hang Seng was ruling 1.15 percent higher at 23,727.56 points, while the Japanese Nikkei closed 1.91 percent up at 9,583.51 points.

The Shanghai Composite index rose 0.76 percent at 2,883.06 points.

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