Sensex in red, range-bound (Lead)

June 8th, 2011 - 4:18 pm ICT by IANS  

Sensex Mumbai, June 8 (IANS) Indian equities markets were ruling depressed Wednesday, a little before closing bell, with a benchmark index ruling lower as negative global cues dampened trader sentiments here.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,448.4 points, was ruling at 18,376.44 points — down 119.81 points or 0.64 percent from its previous close at 18,495.62 points.

The Sensex was caught in a tight range, with a low of 18,365.94 points and a high of 18,505.10 points.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange was also trading lower at 5,520.4 points, down 0.64 percent.

Broader markets were ruling flat with the BSE midcap index down 0.11 percent and the BSE smallcap index up a meagre 0.1 percent.

Realty, banking and healthcare stocks were among the major losers, while FMCG scrips gained.

The market breadth was negative with 1,258 stocks advancing, 1,475 on the decline and 132 remaining unchanged.

Among gainers on the Sensex were Reliance Communications, NTPC, ITC and Tata Motors, while losers on the benchmark index included Hero Honda, ONGC, Hindalco and HDFC.

Global markets were in the red after US Federal Reserve chairman Ben Bernanke said Tuesday that the US economic recovery had slowed in recent weeks. Bernanke, however, did not spell out any measures to arrest the declining growth.

The Nikkei of the Japanese stock exchange closed flat at 9,449.46 points, while the Hang Seng of the Hong Kong stock exchange was down 0.91 percent to end at 22,661.63 points.

The Chinese Shanghai composite index closed 0.22 percent up at 2,750.29 points.

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