Sensex closes flat, European debt concerns weigh (Roundup)
November 8th, 2011 - 6:44 pm ICT by IANS
Mumbai, Nov 8 (IANS) A benchmark index for Indian equities markets Tuesday closed flat, having been in a tight range all day. Investors largely chose to remain on the sidelines as concerns about the European debt crisis weighed.
The 30-scrip sensitive index (Sensex) of the BSE, which opened at 17,593.67 points, closed at 17,569.53 points, almost unchanged from its previous close at 17,562.61 points.
The Sensex traded in a tight range, rising to a high of 17,632.23 points and slipping to a low of 17,455.22 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also closed lacklustre at 5,283.5 points.
Broader markets also closed flat. The market breadth at the BSE was mixed with 1,434 stocks advancing and 1,399 scrips declining, while 131 remained unchanged.
The prominent Sensex gainers included SBI, up 1.7 percent at Rs.1,997.55; Tata Motors, up 0.82 percent at Rs.189.55; Hindalco, up 0.47 percent at Rs.139.65 and Hindustan Unilever, up 0.42 percent at Rs.380.45.
The losers on the benchmark were: Sun Pharma, down 2.05 percent at Rs.501.05; DLF, down 1.76 percent at Rs.242.45; Cipla, down 1.43 percent at Rs.289.50 and NTPC, down 1 percent at Rs.177.75.
World markets were ruling mixed with some hopes of Greece availing of a bailout package put together by the European Union emerged after Greek Prime Minister George Papandreou resigned.
However concerns about Italy growing debt problems served as a reminder of the region’s fragile financial condition. Italian Prime Minister Silvio Berlusconi Tuesday will face a crucial parliamentary vote on public finances which could see his government tumbling if enough party rebels desert him.
In Asia, the Japanese Nikkei closed 1.27 percent to close at 8,655.51 points, while Hong Kong’s Hang Seng ended 0.35 percent up at 19,746.81 points.
The Chinese Shanghai composite index also fell 0.24 percent and closed at 2,503.84 points.
European markets, which started weak, rose on some good set of corporate earnings results.
Britain’s FTSE was trading 1.11 percent up at 5,572.16 points, while the French CAC 40 was ruling 1.53 percent up at 3,150.95 points.
The German DAX was also trading 1.65 percent up at 6,026.52 points.
- Sensex slips 136 points, consumer durables, banking stocks lose (Lead) - Mar 28, 2012
- Sensex down 89.56 points in noon trade - May 14, 2012
- Sensex closes flat in choppy trade (Lead) - May 25, 2012
- Sensex plunges 277 points on weak global cues (Roundup) - Apr 23, 2012
- Indian equities markets down, Sensex edges lower (Roundup) - Jul 15, 2011
- Sensex falls 59 points as bearish mood prevails (Lead) - May 10, 2012
- Sensex up 76.94 points (Lead) - Apr 30, 2012
- Sensex climbs 119 points; SBI, RIL rally (Lead) - Apr 03, 2012
- Sensex recovers, closes 165 points up on value buying (Roundup) - Mar 23, 2012
- Sensex closes 85 points up, Bharti drags (Roundup) - Feb 08, 2012
- Sensex falls 111 points on weak global cues (Lead) - Apr 04, 2012
- Sensex up 75 points, investors take a breather (Roundup) - Feb 14, 2012
- Sensex closes 74 points down; auto, realty stocks slump - Nov 14, 2011
- Sensex up 144 points in noon trade - May 10, 2012
- Sensex slides 320 points to close below 17,000 (Roundup) - May 04, 2012
Tags: bailout package, benchmark index, cipla, george papandreou, greek prime minister, hindalco, italian prime minister, market breadth, national stock exchange, ntpc, parliamentary vote, party rebels, prime minister silvio, prime minister silvio berlusconi, sensitive index, shanghai composite index, silvio berlusconi, sun pharma, tata motors, tight range