Indian equities recoup early losses
March 3rd, 2011 - 3:26 pm ICT by IANS
Mumbai, March 3 (IANS) Indian equities opened lower Thursday due to profit taking after two straight days of gains on account of positive sentiments over budget proposals but regained the losses as trading progressed.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 18,318.32 points, against the previous day’s close at 18,446.50 points, and drifted lower to 18,253.62 points amid high volatility.
The index regained thereafter and hit a high of 18,603.57 points and was trading at 18,538.36 points mid-way into the session, with a gain of 91.86 points, or 0.50 percent, data available with the exchange showed.
Out of 13 sector-specific indices, nine were in the green while four others were ruling in the red. Among the 30 Sensex stocks, 17 were in the positive territory, 12 were in the red and one was unchanged.
The scenario was no different on the National Stock Exchange (NSE, where the broader 50-share S&P; CNX Nifty was ruling at 5551.05 points, with a gain of 28.75 points, or 0.52 percent, over the previous close.
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- Sensex languishes in afternoon trade - Mar 29, 2012
- Sensex slips below 18,000 points - Feb 24, 2012
- Budget proposals sharply push up Indian equities (Lead) - Mar 01, 2011
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Tags: bombay stock exchange, bse, budget proposals, losses, national stock exchange, nse, sensex, sensitive index, sentiments, stocks, straight days, volatility
