Sensex ruling weak as traders book profits
April 8th, 2011 - 4:09 pm ICT by IANS
Mumbai, April 8 (IANS) Traders booked profits at Indian equities markets Friday with a benchmark index ruling about 100 points lower and broader indices slipping into the red.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,602.81 points, was ruling at 19,489.35 points, about 90 minutes before closing bell — down 101.83 points or 0.52 percent from its previous close at 19,591.18 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange was trading 0.62 percent lower at 5,849.15 points.
Broader markets too were in the red, with the BSE midcap index down 0.86 percent and the BSE small cap index trading 0.97 percent lower.
Capital goods and FMCG stocks saw some gains, while realty, auto and PSU scrips were among the major losing sectors at this time.
Among major gainers on the Sensex were Bharti Airtel, L&T;, Sterlite Industries and ITC while the losers included Jaiprakash Associates, Tata Motors, Hindalco and DLF.
The market breadth was negative with 1,027 stocks advancing, 1,827 on the decline and 82 remaining unchanged.
Asian markets rose in spite of a strong earthquake hitting Japan, rattling nerves after the recent mega earthquake and tsunami devastated portions of that country and damaged nuclear power plants.
Some analysts attributed the rise to expectations that China’s central bank may not raise interest rates again in the immediate future.
The Japanese Nikkei average closed 1.85 percent higher at 9,768.08 points, while the Shangahi composite index of the Chinese stock exchanges ended 0.74 percent up at 3,030.2 points.
The Hang Seng of the Hong Kong stock exchange rose 0.47 percent to close at 24,396.07 points.
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- Sensex makes up intra-day losses, closes 60 points up (Second Lead) - Feb 07, 2011
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Tags: benchmark index, bharti airtel, bombay stock exchange, book profits, cap index, chinese stock, fmcg stocks, hindalco, hong kong stock, hong kong stock exchange, index trading, kong stock exchange, market breadth, midcap index, national stock exchange, nikkei average, nuclear power plants, sensitive index, sterlite industries, tata motors