Markets remain range bound (Lead)

January 2nd, 2009 - 3:19 pm ICT by IANS  

SensexMumbai, Jan 2 (IANS) Indian equities markets stayed in the green around noon Friday but remained within a narrow range, with a key index trading just about 0.36 percent up from its previous close.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was up 0.36 percent or 35.25 points and was ruling at 9,938.71 points after opening higher than its previous close of 9,903.46.

Analysts were of the view that markets were finding it difficult to take a specific direction in the absence of international and domestic cues.

The broader S&P CNX Nifty index of the National Stock Exchange (NSE) was trading at 3,033.70 points, almost at the same level as its close Thursday.

Of the 13 sectoral indices on the BSE, realty stocks were outperforming the rest of the market. BSE realty index was up 2.84 percent from its last close.

Other BSE indices like the midcap index rose 1.68 percent over Thursday’s close, while the smallcap index gained 1.77 percent.

Other Asian markets were also up with the Nikkei, a key index of the Tokyo Stock Exchange, ruling 1.68 percent higher than its previous close.

The Hang Seng, a key index of the Hong Kong Stock Exchange, also did well rising 2.26 percent over its last close.

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