Indian equities markets range bound, Sensex flat

June 7th, 2011 - 1:00 pm ICT by IANS  

Sensex Mumbai, June 7 (IANS) Indian equities markets were ruling in a tight range about two hours into trade Tuesday, with a key benchmark index trading flat and broader indices nudging up.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,355.3 points, was ruling at 18,396.78 points, down 23.37 points or 0.13 percent from its previous close at 18,420.11 points.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange was also trading lower at 5,504.55 points, down 0.22 percent.

Broader markets were ruling moderately higher with the BSE midcap index ruling 0.3 percent up and the BSE smallcap index 0.29 percent higher.

Realty, healthcare and IT stocks rose, while capital goods and FMCG scrips were among losers.

The market breadth was mixed with 1,155 stocks advancing, 1,050 on the decline and 131 remaining unchanged.

Among gainers on the Sensex were Cipla, DLF, RIL and Reliance Infra, while losers on the benchmark index included Reliance Communications, Hindustan Unilever, L&T; and Bajaj Auto.

Asian stock markets were trading mixed. Traders continued to be nervous over the state of the economic recovery in the United States, after last week’s poorer than expected job growth data.

The Nikkei of the Japanese stock exchange was ruling 0.49 percent up at 9,426.06 points, while the Hang Seng of the Hong Kong stock exchange was down 0.51 percent at 22,831.74 points.

The Chinese Shanghai composite index was ruling flat at 2,728.7 points.

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