Indian equities markets continue to trade dull (Lead)
May 18th, 2011 - 2:17 pm ICT by IANS
Mumbai, May 18 (IANS) Indian equities markets Wednesday continued to trade flat with a benchmark index almost unchanged from its previous close and broader market indices moving in a tight range.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,177.32 points, was ruling at 18,135.83 points, compared to its previous close at 18,137.35 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange was ruling at 5,432.3 points, down 0.12 percent.
Broader markets were ruling fairly lacklustre with the BSE midcap index ruling 0.33 percent down and the BSE smallcap index down 0.15 percent.
Oil and gas companies were facing the brunt of the selling, while weakness was seen in healthcare and auto stocks. IT and capital goods scrips were among the major gainers.
The market breadth was tilted towards the negative with 1,018 stocks advancing, 1,354 on the decline and 127 unchanged.
Among gainers on the Sensex were Wipro, Hero Honda, HDFC and Hindalco, while losers included Tata Motors, Reliance Infra, SBI and RIL.
Asian markets, which were in a correction mode since last week, were gaining Wednesday.
The Nikkei of the Japanese stock exchange was ruling 0.99 percent up at 9,662.08 points, while Hong Kong’s Hang Seng was trading 0.64 percent up at 23,048.66 points.
The Shanghai Composite index of the Chinese markets was trading 0.62 percent up at 2,870.53 points.
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Tags: asian markets, auto stocks, benchmark index, bombay stock exchange, capital goods, chinese markets, hdfc, hero honda, hindalco, japanese stock, market breadth, national stock exchange, oil and gas companies, sbi, sensex, sensitive index, shanghai composite index, smallcap index, tata motors, tight range