Sensex off morning highs in volatile trade

June 1st, 2011 - 1:37 pm ICT by IANS  

Sensex Mumbai, June 1 (IANS) A benchmark index for Indian equities markets Wednesday slipped from its morning highs amid volatile trade. Some profit booking was seen in stocks, like in realty, which rallied in the previous session.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,527.12 points, was ruling at 18,554.33 points, up 51.05 points or 0.28 percent from its previous close at 18,503.28 points.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange was also trading higher at 5,572.3 points, up 0.22 percent.

Broader markets too were ruling in the green with the BSE midcap index ruling 0.53 percent up and the BSE smallcap index up 0.74 percent.

PSU, capital goods and power stocks were among major gainers at this time, while realty stocks saw profit booking after Tuesday’s rally. Consumer durables too were in the red.

The market breadth was positive with 1,594 stocks advancing, 913 on the decline and 114 unchanged.

Among gainers on the Sensex were NTPC, Reliance Communications, Bharti Airtel and SBI. The losers on the benchmark index included DLF, ICICI Bank, Tata Steel and Tata Motors.

Asian markets were ruling subdued after Tuesday’s rally.

The Nikkei of the Japanese stock exchange closed 0.27 percent up at 9,719.61 points, while Hong Kong’s Hang Seng was ruling 0.33 percent lower at 23,606.72 points.

The Shanghai Composite index of the Chinese markets too edged lower at 2,739.43 points, down 0.15 percent.

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