Markets climb back into green after fall (Lead)March 31st, 2009 - 1:42 pm ICT by IANS
Mumbai, March 31 (IANS) Indian equities markets, which made a smart opening Tuesday, were ruling in positive terrain, after briefly slipping into the red. A key index was trading 1.09 percent higher than its previous close, a little before noon.
The Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 9,633.21 points, stood at 9,672.73 points, 1.09 percent or 104.59 points above its previous close at 9,568.14 points Monday.
The S&P CNX Nifty of the National Stock Exchange (NSE) was at 3,014.85 points, 1.23 percent up than its last close of 2,978.15.
The BSE midcap index was ruling 1.17 percent higher than its previous close, while the BSE smallcap index was marginally up 0.73 percent.
Of the 13 sectoral indices on the BSE, those for healthcare and realty stocks were in the positive terrain, while banking saw some selling.
Among gainers on the 30-composite Sensex around this time were Tata Motors, up 5.86 percent at Rs.182.40; Tata Steel, up 4.31 percent at Rs.204.60; Jaiprakash Associates, up 4.14 percent at Rs.81.75, and Reliance Infra, up 3.99 percent at Rs.522.50.
There were four losers in the Sensex at this time: ICICI Bank, down 3.12 percent at Rs.327.40; HDFC, down 1.76 percent at Rs.1,425; HDFC Bank, down 1.38 percent at Rs.932, and Hindustan Unilever, down 0.81 percent at Rs.237.45.
In other Asian markets, Tokyo stocks closed in the red Tuesday even as the government said that it would compile fresh economic steps, with an eye toward drafting a supplementary budget for fiscal 2009 in a bid to weather the economic slump.
Japan’s benchmark Nikkei 225 Stock Average ended at 8,109.53 points, 126.55 points lower than its previous close.
The Hang Seng, a key index of the Hong Kong Stock Exchange, was also down 0.3 percent at 13,496.10 points.
US stocks tumbled Monday amid concerns over the fate of the struggling car industry, which will be given a last chance to restructure operations or lose government support.
The blue-chip Dow Jones Industrial Average shed 254.16 points, or 3.27 percent to 7,522.02.
The broader Standard and Poor’s 500 Index fell 28.41 points, or 3.48 percent to 787.53, while the technology-heavy Nasdaq Composite Index slid 43.4 points, or 2.81 percent to 1,501.8.
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