Sensex slips after briefly breaching green (Lead)
December 9th, 2009 - 1:43 pm ICT by IANS
Mumbai, Dec 9 (IANS) A key index of Indian equities slipped back into the negative zone around noon Wednesday after breaching green briefly even as smaller company scrips saw buying interest.
At 11:50 a.m., the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) that opened at 17,204.32 points was ruling at 17,198.55 points, down 29.13 points or 0.17 percent from Tuesday’s closing at 17,227.68 points. It earlier rose into the positive at 17,227.96 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 5,134.8 points, against the previous close at 5,147.95 points, a loss of 13.15 points or 0.26 percent.
Buying activity picked up in smaller company scrips with the BSE smallcap index 0.95 percent higher and the BSE midcap index up 0.15 percent.
The market breadth was tilted towards the positive, with 1,577 stocks advancing, 931 scrips declining and 85 remaining unchanged.
However, most other Asian markets were ruling in the red.
A key Japanese index, the Nikkei, closed 1.34 percent or 135.75 points down at 10,004.72 points as profit booking continued.
The Hang Seng, a benchmark index of the Hong Kong Stock Exchange too was in the negative at 21,871.43 points, 0.86 percent or 189.09 points down.
In China, the Shanghai composite index was ruling 1.41 percent in the negative at 3,250.17 points.
However, the Kospi, the benchmark index of the Korean Stock Exchange, was ruling in the green at 1,634.17 points, up 0.39 percent.
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Tags: asian markets, benchmark index, bombay stock exchange, bse, hang seng, hong kong stock, hong kong stock exchange, japanese index, kong stock exchange, korean stock, kospi, market breadth, midcap index, national stock exchange, negative zone, profit booking, scrips, sensitive index, shanghai composite index, smaller company
