Profit booking wipes out intra-day Sensex gains (Roundup)
December 6th, 2010 - 6:56 pm ICT by IANS
Mumbai, Dec 6 (IANS) A benchmark index of Indian equities markets Monday ended flat as profit booking erased intra-day gains.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,038.25 points, closed flat at 19,981.13 points, down 14.38 points or 0.07 percent from its previous close at 19,966.93 points.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty shut shop at 5,992.25 points, down 0.55 points or 0.01 percent.
Broader markets ended in the red as selling intensified. The BSE midcap index closed 0.37 percent down, while the BSE smallcap index ended 0.9 percent lower.
Metal, energy and IT stocks rallied strongly while banking, FMCG and realty scrips saw some profit booking.
Among the gainers on the Sensex were Sterlite Industries, up 3.65 percent at Rs.171.70; Tata Steel, up 3.38 percent at Rs.634.95; Tata Motors, up 3.32 percent at Rs.1,358.50; and Jindal Steel, up 2.85 percent at Rs.699.05.
Major losers included SBI, down 3.86 percent at Rs.2,952.85; Hero Honda, down 3.2 percent at Rs.1,773.85; Reliance Communications, down 2.76 percent at Rs.135.65, and ICICI Bank, down 2.66 percent at Rs.1,150.55.
The market breadth was negative, with 1,222 stocks advancing, compared to 1,701 scrips on the decline, while 124 stocks remained unchanged.
According to data available with SEBI, foreign institutional investors bought scrips worth $120.24 million Monday.
Other Asian markets closed mixed as investor sentiments were dampened by disappointing non-farm payroll data released in the US last week.
Hong Kong’s Hang Seng shut shop 0.36 percent higher at 23,237.69 points, while the Shanghai Composite index ended 0.52 percent up at 2,857.18 points.
The Japanese Nikkei closed flat, down 0.11 percent at 10,167.23 points.
European stocks too were trading subdued as traders were not willing to buy into higher positions even as US Federal Reserve chairman Ben Bernanke ruled out a double-digit dip recession.
Also dull cues from other Asian bourses dampened sentiments.
Around mid-day, Britain’s FTSE 100 was trading flat at 5,744.08 points, while the German DAX was 0.14 percent lower at 6,937.79 points.
The French CAC 40 was 0.53 percent down at 3,730.83 points.
- Sensex languishes in afternoon trade - Mar 29, 2012
- Sensex closes lower for fifth straight day - Nov 16, 2011
- Sensex closes 188 points lower on global sell-off - Sep 19, 2011
- Sensex edges lower, broader markets end flat on negative global cues (Roundup) - Jun 08, 2011
- Sensex closes quiet as GDP numbers disappoint (Roundup) - Feb 29, 2012
- Sensex slips 136 points, consumer durables, banking stocks lose (Lead) - Mar 28, 2012
- Indian equities markets down, Sensex edges lower (Roundup) - Jul 15, 2011
- Sensex plunges 277 points on weak global cues (Roundup) - Apr 23, 2012
- Sensex slips 164 points to close at a three-month low (Roundup) - May 25, 2011
- Sensex edges up but ends lower for second consecutive week (Roundup) - Mar 02, 2012
- Sensex takes a breather after three-day rally (Second Lead) - Jun 28, 2011
- Sensex 117 points up, snaps out of four-day losing spree (Roundup) - Aug 01, 2011
- Sensex closes 135 points up, seventh straight weekly gain (Roundup) - Feb 17, 2012
- Sensex slumps 405 points on weakening rupee (Lead) - Mar 22, 2012
- Sensex closes 66 points lower on lacklustre trading day (Roundup) - Jul 21, 2011
Tags: benchmark index, bombay stock exchange, cnx, european stocks, federal reserve chairman, foreign institutional investors, hero honda, jindal, market breadth, midcap index, national stock exchange, payroll data, profit booking, scrips, sensitive index, shanghai composite index, smallcap index, sterlite industries, tata motors, tata steel