Broader indices outperform, Sensex ends flat (Roundup)
February 1st, 2010 - 6:58 pm ICT by IANS ( Leave a comment )
Mumbai, Feb 1 (IANS) A benchmark index for Indian equities Monday closed flat, having made up for early losses in the second half of the day even as selling by foreign institutional investors acted as an overall drag on the markets.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,339.32 points, ended flat at 16,356.03 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty closed at 4,899.7 points, against the previous close at 4,882.05 points, a gain of 0.36 percent or 17.65 points.
Broader markets did better, with the BSE midcap index closing 1.81 percent up and the BSE small cap index shutting shop 2.72 percent higher.
Consumer durables, healthcare and auto scrips saw buying interest, while FMCG stocks came under selling pressure.
Foreign institutional investors have been net sellers since the last eight trading days and had pulled out over $1.7 billion from the equities markets till Friday.
The market breadth was positive, with 2,165 stocks advancing against 702 scrips declining and 42 remaining unchanged.
Among gainers on the Sensex were Tata Motors, up 3.56 percent at Rs.719.05; Wipro, up 3.13 percent at Rs.667.65; Grasim Industries, up 3.1 percent at Rs.2,674.45; and M&M, up 2.7 percent at Rs.1,046.90.
Top losers included Hindustan Unilever, down 2.87 percent at Rs.237.10; SBI, down 1.79 percent at Rs.2,021.10; HDFC Bank, down 1.57 percent at Rs.1,605.30, and ITC, down 1.54 percent at Rs.246.40.
Other major Asian markets closed mixed, with the benchmark Japanese index, Nikkei, ending marginally higher at 10,205.02 points and the Korean Kospi 0.25 percent up at 1,606.44 points.
The Hang Seng of the Hong Kong Stock Exchange ended 0.61 percent higher at 20,243.75 points.
The Chinese Shanghai composite index, however, closed in the red at 2,941.36 points, 1.6 percent down.
European markets were ruling on a mixed note.
At the closing bell here, FTSE 100, the benchmark index of the London Stock Exchange, was ruling 0.28 percent higher at 5,203.07 points, while the French CAC 40 index was down 0.23 percent at 3,730.69 points. Its German peer DAX was also ruling 0.02 percent lower at 5,607.87 points.
- Sensex continues to trade lacklustre, RIL soars (Lead) - Jan 18, 2012
- Sensex closes 356 points higher, led by RIL, Infosys - Sep 20, 2011
- Sensex gives up gains, traders book profits - Oct 11, 2011
- Sensex closes 71 points up (Lead) - Feb 06, 2012
- Sensex closes dull, IT, metal stocks lose (Second Lead) - Jan 18, 2012
- Sensex climbs 230 points; technology, realty stocks rise (Lead) - Dec 26, 2011
- Sensex rallies in last hour, closes 160 points higher (Lead) - Feb 09, 2012
- Sensex edges lower on lacklustre trading day - Oct 17, 2011
- Sensex witnesses choppy trade; L&T;, BHEL surge - Dec 23, 2011
- Sensex zooms 123 points up, FII interest intact (Roundup) - Feb 09, 2012
- Sensex 117 points up, snaps out of four-day losing spree (Roundup) - Aug 01, 2011
- Sensex eases 75 points up, realty, energy scrips rise (Roundup) - Jun 07, 2011
- Benchmark indices subdued, midcaps rise - Feb 09, 2012
- Sensex climbs 152 points on firm global cues (Roundup) - Jun 30, 2011
- Sensex makes up for some of Tuesday's losses (Roundup) - Jul 13, 2011
Tags: benchmark index, bombay stock exchange, cap index, consumer durables, fmcg stocks, foreign institutional investors, grasim industries, hong kong stock, hong kong stock exchange, japanese index, kong stock exchange, kospi, market breadth, national stock exchange, scrips, sensex ends, sensitive index, shanghai composite index, tata motors, top losers
