Thaindian News

Mumbai, July 12 (IANS) A benchmark index for Indian equities markets, which breached the psychological 18,000 mark in more than three months early Monday, slipped in noon trade after the government released the industrial production data, showing a slower 11.5 percent growth in May compared to a 14.6 percent rise in April.
Other Asian markets too were in the green reflecting positive investor sentiment over China’s export data, which showed a 44 percent jump in June, negating fears of a slowdown.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,875.97 points, was ruling at 17,906.15 points, 72.61 points or 0.41 percent up from its previous close at 17,833.54 points.

It had risen to 18,010.07 points during morning trade on expectation of good quarterly earnings by companies.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 5,374.5 points, up 0.41 percent from its previous close at 5,352.45 points.

Broader markets indices too were quiet, with the BSE midcap index 0.18 percent up and the BSE smallcap index 0.57 percent higher.

Realty, banking, IT and capital goods saw buying, but consumer durables, energy and health care scrips were under selling pressure.

The market breadth was positive thanks to buying interest in broader markets, with 1,597 scrips advancing, compared to 1,198 stocks declining, and 100 remaining unchanged.

Other major Asian markets were also on the rise, helped by news of China’s robust export growth and tracking Friday’s gains in the US markets.

The Japanese Nikkei closed 0.39 percent lower at 9,548.11 points on profit booking after the ruling party lost the upper house election.

However, the South Korean Kospi ended 0.64 percent higher at 1,734.05 points.

Hong Kong’s Hang Seng too was in the green at 20,516.07 points, up 0.67 percent, while the Chinese Shanghai Composite index was trading 0.85 percent higher at 2,491.92 points.