Markets go flat while staying in positive zone (Second Lead)May 15th, 2008 - 4:12 pm ICT by admin
Mumbai, May 15 (IANS) The Indian equities markets which opened in the green Thursday managed to be in the positive zone but was trading flat in the afternoon. Capital goods, banking, realty, power and oil and gas scrips remained in demand. At 1.30 p.m., the 30-share sensitive index of the Bombay Stock Exchange (BSE), the Sensex, was up 228.96.29 points or 1.35 percent to 17,207.31, which was below the day’s high of 17,277.12.
At the day’s low, the Sensex had touched 17,079.94.
At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was above the psychologically important 5,000-point mark. It was up by 65.50 points or 1.29 percent at 5,076.40.
The market breadth remained strong with high trading volumes on BSE. While 1,634 shares advanced, 919 declined and 85 remained unchanged.