Sensex shakes off early weakness, broader markets in red

By IANS,

Mumbai: A benchmark index for Indian equities markets Thursday rose a little before noon, having started on a weak note, while broader indices were trading in the red.


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The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,526.92 points, was ruling at 17,665.14 points, up 114.51 points or 0.65 percent from its previous close at 17,550.63 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange also rose up to 5,304.6 points, up 0.5 percent.

Broader markets were trading lower with the BSE midcap index down 0.29 percent and the BSE smallcap index down 0.47 percent.

The market breadth was negative, with 937 stocks advancing, 1,368 on the decline and 119 remaining unchanged.

Among gainers on the Sensex were ITC, RIL, RCom, and Wipro, while losers included Cipla, Maruti Suzuki, BHEL and Bajaj Auto.

Asian markets were subdued after the US Federal Reserve kept interest rates unchanged to support a recovery in the world’s largest economy and pruned its outlook on growth.

The Nikkei of the Japanese stock exchange was trading flat at 9,621.45 points, while the Hang Seng of the Hong Kong stock exchange was trading 0.72 percent down at 21,703.57 points.

However, the Chinese Shanghai composite index moved up 0.28 percent to trade at 2,656.63 points.

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