Monday, September 14, 2009

Sensex flat as volatility continues, down 15 points

Mumbai, Sep 11: A key index of the Indian equities markets was ruling marginally in the negative about an hour before close on Friday, even as trading continued amidst volatile conditions.

At 2.19 p m, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened higher at 16,254.57 points against Thursday’s close at 16,216.86 points, was ruling 15.21 points or 0.09 per cent lower at 16,201.65 points. Around the same time, the S&P CNX Nifty of the National Stock Exchange (NSE), too, was marginally in the red and was trading at 4,815.45 points, down 0.08 per cent.

Broader market indices were flat, with the BSE midcap index trading 0.25 per cent lower and the BSE smallcap index moving down 0.37 per cent. Of the 13 sectoral indices on the BSE, those for banking, healthcare and metal stocks were gaining the most. The market breadth was tilted towards the positive, with 1,319 stocks on the rise, compared to 1,232 on the decline, and 98 remaining unchanged.

Among the gainers on the Sensex were Hindalco, up 4.05 per cent at Rs 121.90, ICICI Bank, up 1.42 per cent at Rs 827.10, Bharti Airtel, up 1.32 per cent at Rs 422.75 and Wipro, up 1.22 per cent at Rs 550.80.

Among the losers were Sterlite, down 3.78 per cent at Rs 737.70, Reliance Communications, down 2.52 per cent at Rs 295.35, Hindustan Unilever, down 2.44 per cent at Rs 255.65 and Jaiprakash Associates, down 2.34 per cent at Rs 227.15.

Other important Asian markets were trading mixed. The Nikkei, a key index of the Tokyo Stock Exchange, closed 69.34 points or 0.66 per cent lower at 10,444.33 points. At the Shanghai Stock Exchange, the benchmark SSE Composite was ruling 2.22 per cent down at 2,989.79 points. The primary index of the Hong Kong Stock Exchange, Hang Seng, was in the green at 21,161.42 points, up 91.86 points or 0.44 per cent. (IANS)

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