Profit booking continues at Indian markets
February 23rd, 2012 - 1:36 pm ICT by IANS
Mumbai, Feb 23 (IANS) Indian markets continued to be under selling pressure a little before noon Thursday with a benchmark index ruling quiet and broader markets seeing wide-spread profit booking.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,127.35 points, was ruling at 18,111.25 points, 34 points or 0.19 percent down from its previous close at 18,145.25 points.
The Sensex had closed 283 points lower Wednesday after traders started booking profits after weeks of rallying.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange was trading lower at 5,489.45 points, down 15.9 points or 0.29 percent from its previous close.
Broader markets were also in the red, with the BSE 500 index trading 0.43 percent lower. The BSE midcap index was down 0.96 percent while the BSE smallcap index shed 1.13 percent.
As per the sectoral indices on the BSE, realty, metals, consumer durables and capital goods stocks were among the biggest losers. Energy and FMCG scrips were on the rise.
Prominent losers on the 30-scrip Sensex included Sterlite Industries, DLF, ICICI Bank and L&T;, while among gainers were HUL, SBI, RIL and BHEL.
The market breadth was negative with 815 stocks advancing, 1,663 on the decline and 105 unchanged.
Asian markets were ruling mixed as investors were worried over rising oil prices and the financial crisis in Europe leading to a decline in the zone’s growth and that of the global economy.
The Japanese Nikkei moved up 0.4 percent to trade at 9,592.06 points, while Hong Kong’s Hang Seng fell 0.8 percent at 21,376.34 points.
The Chinese Shanghai Composite index also was ruling flat at 2,405.76 points.
- Sensex closes 88 points lower in see-saw trade (Lead) - Feb 23, 2012
- Sensex edges lower for the second day in choppy trade (Roundup) - Feb 23, 2012
- Sensex closes 283 points lower on profit booking (Roundup) - Feb 22, 2012
- Sensex weak, IT, capital goods under selling pressure - Mar 19, 2012
- Sensex snaps three-day rally, slips almost 300 points - Sep 09, 2011
- Sensex down 300 points as profit booking continues unabated - Feb 27, 2012
- Indian markets dip on profit booking (Lead) - Feb 22, 2012
- Sensex down 73 points in volatile trade - Oct 31, 2011
- Sensex ruling lower, IT, telecom drag broader markets - Jun 17, 2011
- Sensex subdued in afternoon trade - Jun 06, 2011
- Sensex lacklustre, Asian cues negative - Jan 17, 2011
- Sensex slips, but manages to stay above 18,000 - Feb 16, 2012
- Sensex slips 136 points, consumer durables, banking stocks lose (Lead) - Mar 28, 2012
- Sensex off morning highs in volatile trade - Jun 01, 2011
- Sensex in red in afternoon trade, consumer durables slip - Mar 28, 2012
Tags: asian markets, benchmark index, biggest losers, bombay stock exchange, capital goods, consumer durables, fmcg scrips, global economy, icici bank, index trading, indian markets, market breadth, national stock exchange, profit booking, rising oil prices, sectoral indices, sensex, sensitive index, shanghai composite index, smallcap index