Sensex flat; consumer durables, auto index down (Lead)

August 10th, 2012 - 4:47 pm ICT by IANS  

Sensex Mumbai, Aug 10 (IANS) A benchmark index of Indian equities markets was ruling flat amid high volatility in late afternoon trade Friday.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,515.42 points, was ruling at 17,564.39 points, 0.02 percent or 3.52 points up from its previous day’s close at 17,560.87 points.

The BSE consumer durables index was down 106.35 points, followed by auto index, down 100.27 points, and banking index, down 118.90 points.

The wider 50-scrip S&P; CNX Nifty of the National Stock Exchange was ruling 0.11 percent down at 5,317.25 points.

India’s largest lender SBI was the major Sensex loser trading 4.37 percent down at Rs.1,885.80.

Though the net profit of the bank more than doubled to Rs.3,751.56 crore for the quarter ended June 30, 2012, its non-performing assets (NPA) rose sharply to 4.99 percent as on June 30, 2012 raising concerns over the bank’s asset quality.

The bank’s gross non-performing assets was at 3.52 percent at the end of the first quarter of 2011-12 financial year. At the end of the last financial year, the bank’s non-performing assets was 4.44 percent.

Other major Sensex losers were Tata Motors, down 2.65 percent at Rs.233; Hero MotoCorp, down 2.13 percent at Rs.1,917; Bajaj Auto, down 1.13 percent at Rs.1,672; and BHEL, down 1.06 percent at Rs.228.40.

The major gainers were Hindustan Unilever, up 1.87 percent at Rs.496.40; Sterlite Inds, up 1.74 percent at Rs.111.10; Maruti Suzuki, up 1.48 percent at Rs.1,162; and Infosys, up 1.38 percent at Rs.2,310.40.

Among other Asian markets, Japan’s Nikkei was down 0.97 percent while Shanghai’s composite index was lower 0.24 percent. Hong Kong’s Hang Seng was also down 1.66 percent.

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