Indian equities end tad higher after volatile session (Roundup)

November 17th, 2009 - 5:55 pm ICT by IANS  

Sensex Mumbai, Nov 17 (IANS) Indian equities managed to end marginally higher Tuesday after a bout of heavy volatility, which saw a key index swing in a range of nearly 200 points, as investors rushed to book profits on the gains made the previous day.
The sensitive index (Sensex) of the Bombay Stock Exchange, which opened a tad higher at 17,036.23 points against the previous close at 17,032.51 points, reached the day’s low of 16,882.98 points, some two hours before close.

As trading drew to a close a few minutes before 4 p.m., the barometer 30-share index managed to salvage most of the losses and was quoting at 17,050.65 points, with a minor gain of 18.14 points, or 0.11 percent, data with the exchange showed.

Five sector-specific indices, led by those for for realty, energy and state-run firms, ended in the negative territory, while the others, led by information technology, consumer durables and metals ended in the green.

But among the Sensex stocks, the losers and the winners were evenly matched with 15 apiece, with the gainers led by Tata Consultancy Services and Hero Honda, and the losers led by Oil and Natural Gas Corp and Associated Cement Co.

At the National Stock Exchange, the story was no different. After a similar volatility, the broader 50-share S&P CNX Nifty ended at 5062.25 points, against Monday’s close at 5058.05 points, with a small gain of 4.2 points, or 0.08 percent.

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