Day after rally, Sensex closes flat (Roundup)January 11th, 2012 - 7:50 pm ICT by IANS
Mumbai, Jan 11 (IANS) A benchmark index for Indian equities markets closed on a flat note Wednesday after the previous day’s rally as investors turned cautious ahead of quarterly results from blue-chips and industrial production numbers.
Lacklustre cues from global bourses added to the sluggishness in the markets.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) held on to the 16,000-mark that it breached Tuesday after a month’s gap with a 350-point surge.
The Sensex had opened at 16,222.37 points and closed at 16,175.86 points, 10.77 points or 0.07 percent up from its previous close at 16,165.09 points.
It had touched a high of 16,244.7 points and a low of 16,127.77 points during intra-dy trade.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also edged up to end at 4,860.95 points - up 0.24 percent or 11.4 points from its previous close.
Broader markets fared better. The BSE 500 index moved up 0.48 percent higher from its previous close. The BSE midcap index closed one percent up while the smallcap index gained 1.32 percent.
The market breadth was positive with 1,868 stocks advancing, compared to 951 on the decline. Another 117 remained unchanged.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors bought stocks worth $77.58 million Wednesday.
Prominent gainers on the 30-scrip Sensex included Hindalco, up 5.69 percent at Rs.130; Sterlite, up 4.85 percent at Rs.100.50; DLF, up 3.41 percent at Rs.190.95; and Tata Steel, up 2.88 percent at Rs.382.50.
Among losers were TCS, down 2.54 percent at Rs.1,137.15; Jindal Steel, down 2.16 percent at Rs.488.40; M&M;, down 1.6 percent at Rs.678.80; and Bharti Airtel, down 1.54 percent at Rs.325.55.
Asian markets closed mixed as traders booked profits after the recent surge.
The Japanese Nikkei closed 0.3 percent up at 8,447.88 points, while Hong Kong’s Hang Seng ended 0.78 percent higher at 19,151.94 points.
However, the Chinese Shanghai Composite index shed 0.42 percent and ended at 2,276.05 points. The South Korean Kospi was down 0.41 percent and closed at 1,845.55 points.
The persistent debt crisis and its impact on sentiments continued to depress European stocks.
Britain’s FTSE 100 was ruling 0.58 percent down at 5,657.71 points, while the German DAX was trading 0.76 percent down at 6,116.22 points.
The French CAC 40 was ruling 0.65 percent lower at 3,189.94 points.
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Tags: asian markets, benchmark index, bharti airtel, blue chips, bombay stock exchange, exchange board, foreign institutional investors, global bourses, market breadth, midcap index, national stock exchange, point surge, production numbers, securities and exchange board of india, sensex, sensitive index, sluggishness, smallcap index, sterlite, tata steel