Mumbai: Sensex today ended flat as some heavyweight metal, realty and refinery stocks, which posted fresh gains, nullified the loses in bank, auto, IT, and FMCG shares.
The 30-share index settled the day at 18,663.16, a marginal gain of 2.84 points over its previous close.
During the day, the index moved between 18,729.83 and 18,509.54 points, reflecting high volatility in trading.
Similarly, the second wide-based National Stock Exchange index Nifty rose by 20.40 points at 5,483.90, after touching the day’s high of 5,500.60 and a low of 5,412.95.
While shares of metal, realty, PSU, oil and gas, capital goods and power remained in better demand, bank, auto, IT, and fast moving consumer goods shares ended lower.
Marketmen said stocks of software companies ended lower on concerns business from their US clients could slow if the largest economy in the world falls into a recession.
Refinery stocks such as Reliance Industries and Indian Oil Corp traded higher on reports the government might raise prices of gasoline and diesel. PTI
New Delhi: In a day marked by volatility, the market slipped back into negative territory after recovering from a weak start.
The Sensex, which rose 29 points late morning after opening 159 points down, lost ground and went to the red again. At 12:04 hours, the BSE benchmark was quoting 91.23 points down at 18,569.09. The NSE Nifty was down 14.65 at 5,448.65. Livemint.com
Mumbai: Sensex showed signs of consolidation on 5 February and rose 29 points in late morning deals, recovering from a loss of 159 points in early trade.
The 30-share barometer moved in the range of 18.689.41 and 18509.54 points before being quoted at 18,689.41 at 10.30 am, a rise of 29.09 points over yesterday’s close of 18,660.32.
Weak global cues weighed on the local bourses as the benchmark Sensex showed signs of consolidation after choppy sessions in last couple of weeks.
IT shares, which were in demand for last few days, suffered a sharp setback on profit-booking. Besides banking and auto counters, which were trading at higher levels, met with strong resistance.
The broad-based S&P CNX Nifty of the National Stock Exchange also improved by 16.35 points to 5,479.85 from previous close of 5,463.50.
Besides Taiwan, most of the other Asian stock indices displayed a feeble trend in the morning on the back of bearishness on Wall Street last night.
Domestic Institutional Investors (DIIs) continued to give support to the market and they pumped in Rs731.83 crore on Monday, while Foreign Institutional Investors (FIIs) also picked up shares worth Rs163.74 crore on the same day as per provisional data. PTI
Mumbai: Sensex moved down by 151 points in early trade today due to emergence of profit selling by funds.
The BSE 30-share barometer, which had gained 417 points yesterday, declined 150.78 points to 18,509.54 in the first five minutes of trade as market participants indulged in selling at higher levels.
Similarly, the wide-based National Stock Exchange’s Nifty dipped 50.55 points to 5,412.95.
Trading sentiment was also influenced by weak global trend. PTI