Markets hold firm in morning trade (Lead)January 28th, 2009 - 1:23 pm ICT by IANS
Mumbai, Jan 28 (IANS) Indian equities markets, which opened higher Wednesday, managed to hold on to their gain through most of the morning, though trading volumes remained low. A little before noon, a key index was about 0.87 percent higher than its last closing figure.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was at 9,082.67 points, 0.87 percent or 78.59 points higher than its previous close. It had opened at 9,077.65 points, higher than its 9,004.08-point close Tuesday.
At the same time, the S&P CNX Nifty index of the National Stock Exchange (NSE) was at 2,797.1 points, 0.93 percent higher than its previous close of 2,771.35.
Broader market indices were up with the BSE midcap index trading 0.44 percent higher and BSE smallcap gaining 0.67 percent.
Leading the gainers’ list on the Sensex at this time were Mahindra and Mahindra (up 3.78 percent at Rs.282.50), Wipro (up 3.27 percent at Rs.233.55) and Tata Motors (up 3.17 percent at Rs.144.75).
Among losing scrips were Reliance Communications (down 4.14 percent at Rs.164.50) and Tata Steel (down 2.52 percent at Rs.167.95).
Of the 13-sectoral indices on the BSE, FMCG and Auto stocks led the bunch.
In other Asian markets, a key index of the Tokyo stock exchange, the Nikkei 225 Stock Average, was up 0.77 percent at 8,122.81.
However, the Hang Seng, a key index of the Hong Kong Stock Exchange, dropped 0.63 percent over its last close.