Markets erase early gains, Sensex in red (Lead)

April 18th, 2011 - 3:01 pm ICT by IANS  

Sensex Mumbai, April 18 (IANS) Indian equities markets saw early gains wiped out with a key benchmark index falling over 210 points in the afternoon Monday. Broader indices, too, slipped into the red.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,389.74 points, was ruling at 19,176.36 points, down 210.46 points or 1.09 percent from its previous close at 19,386.82 points.

It had risen to an intra-day high of 19,649.22 points.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange was trading 1.21 percent lower at 5,754 points.

Broader markets were ruling in the green as well with the BSE midcap index down 0.63 percent and the BSE small cap index down 0.08 percent.

IT, metals, telecom and realty stocks were among the major losers while energy stocks were moderately up.

Among major gainers on the Sensex were Hero Honda, Hindustan Unilever, Bajaj Auto and ONGC while the losers included Tata Steel, TCS, DLF and Hindalco.

The market breadth was negative with 1,202 stocks advancing, 1,571 on the decline and 113 remaining unchanged.

Asian markets were ruling dull.

The Japanese Nikkei average closed 0.36 percent down at 9,556.65 points, while the Shanghai composite index of the Chinese stock exchanges moved up 0.22 percent to close at 3,057.33 points.

The Hang Seng of the Hong Kong stock exchange was in the red, trading 0.83 percent lower at 23,809.68 points.

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