Noon: Sensex trades volatile on mixed Asia

Noon: Sensex trades volatile on mixed Asia
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First Published: Tue, Jan 06 2009. 02 05 PM IST
Updated: Tue, Jan 06 2009. 02 05 PM IST
New Delhi: The Bombay Stock Exchange Sensex trades volatile but still retaining 10,000 level on Tuesday afternoon, 6 January, offset by weak global recession and mixed global market performance.
Foreign buyers made a comeback, yet hesitation drifted the market in volatility.
At 2pm, the BSE Sensex was trading lower by 44.60 points at 10320.20 and NSE Nifty is lower by 20.55 points at 3,101.
Realty stocks fell on reports that government measures to boost the housing sector are not enough to arouse demand.
After news of Tech Mahindra pitching to merge with Satyam Computers came in, Satyam jumped by 5.51% at Rs176.10 along with Grasim Industries Ltd by 4.79% to Rs1,290.60, Mahindra & Mahindra by 4.65% at Rs310.30 and Sterlite Industries (India) by 4.49% to Rs315.50.
Losers on the index were Bharti Airtel that slumped 3.26% to Rs663.00 along with RCom by 3.01% at Rs255.80, and DLF Ltd by 2.30% at Rs289.00.
Meanwhile, Asian stocks extended gains on hopes stimulus spending package around the world that will help revive growth.
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First Published: Tue, Jan 06 2009. 02 05 PM IST
More Topics: Sensex | Markets | Stocks | BSE | NSE |