Sensex slips from intra-day high, metal stocks gain (Lead)

April 21st, 2011 - 2:12 pm ICT by IANS  

Sensex Mumbai, April 21 (IANS) A benchmark index for Indian equities markets Thursday slipped from its intra-day high even as metals stocks rose.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,582.5 points, was ruling at 19,579.3 points — up 108.32 points or 0.56 percent from its previous close at 19,470.98 points.

It had risen to an intra day high of 19,695.98 points earlier.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange was trading 0.37 percent higher at 5,873.55 points.

Broader markets also shed their earlier gains with the BSE midcap index ruling 0.14 up percent and the BSE small cap index up 0.2 percent.

Metals, telecom, IT and energy stocks were among the major gainers.

Among the major gainers on the Sensex were Maruti Suzuki, Hero Honda, HDFC and ONGC while Bharti Airtel, Tata Motors, Bajaj Auto and BHEL lost.

The market breadth was positive with 1,409 stocks advancing, 1,256 on the decline and 120 remaining unchanged.

Overnight gains at Wall Street rubbed off on Asian markets as well.

The Japanese Nikkei average closed 0.82 percent up at 9,685.77 points, while the Shanghai composite index of the Chinese stock exchanges moved up 0.5 percent at 3,021.93 points.

The Hang Seng of the Hong Kong stock exchange was in the green too, trading 0.94 percent higher at 24,119.93 points.

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