Sensex creeps up but wobbly

March 2nd, 2012 - 2:03 pm ICT by IANS  

Sensex Mumbai, March 2 (IANS) A benchmark index for Indian markets Friday managed to move up around noon, after starting in the negative but continued to trade volatile. Realty stocks were under pressure while banking and capital goods scrips saw buying.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,661.39 points, was ruling at 17,707.01 points around noon, 123.04 points or 0.7 percent up from its previous close at 17,583.97 points.

The Sensex had slipped to 17,504.38 points in early trade.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange was also trading higher at 5,386.2 points, up 46.45 points or 0.87 percent from its previous close.

Broader markets were in the green, with the BSE 500 index trading 0.84 percent higher. The BSE midcap index was ruling 0.69 percent up while the BSE small cap index was trading 0.68 percent higher.

Prominent gainers on the Sensex included ICICI Bank, L&T;, HDFC Bank and SBI, while among the losers were DLF, ONGC, Bajaj Auto and ITC.

The market breadth was positive with 1,560 stocks advancing, 1,003 on the decline and 123 unchanged.

Asian markets moved up on news that European ministers had agreed to the measures laid out by Greece for getting a second bailout package for the debt-ridden country.

The Japanese Nikkei rose 0.72 percent to end at 9,777.03 points, while Hong Kong’s Hang Seng was ruling 0.93 percent up at 21,587.73 points.

The Chinese Shanghai Composite index was ruling 1.27 percent higher at 2,456.97 points.

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