Sensex weak, IT, capital goods under selling pressure

March 19th, 2012 - 2:33 pm ICT by IANS  

Sensex Mumbai, March 19 (IANS) A benchmark index for Indian markets Monday was ruling 130 points lower in afternoon trade amid selling in IT, telecom and capital goods scrips.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,531.47 points and was ruling at 17,336.17 points at 12.44 p.m., down 130.03 points or 0.74 percent compared to its previous close at 17,466.2 points.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange was similarly ruling lower at 5,280.25 points, down 35.9 points or 0.68 percent from its previous close.

Broader markets were in the negative too with the BSE 500 index trading 0.65 percent lower. The BSE midcap index was trading 0.32 percent lower, while the BSE small cap index was down 0.42 percent.

IT, telecom, realty and capital goods stocks were the major losers at this time while FMCG scrips were gaining.

The market breadth was negative with 1,051 stocks advancing, 1,525 on the decline and 110 remaining unchanged.

Asian markets were trading mixed.

The Japanese Nikkei moved up 0.12 percent to end at 10,141.99 points. Hong Kong’s index was trading 0.13 percent higher at 21,345.55 points.

The Chinese Shanghai Composite index was ruling 0.14 percent up at 2,408.04 points.

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