Midsession: Sensex seesaws between positive and negative

Midsession: Sensex seesaws between positive and negative
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First Published: Mon, Jan 19 2009. 02 05 PM IST
Updated: Mon, Jan 19 2009. 02 05 PM IST
New Delhi: The markets are trading very volatile, swinging from positive to negative territory on Monday.
The Bombay Stock Exchange benchmark Sensex opened the day marginally higher on firm Asian markets but soon slipped to negative and since shown choppytrend.
Buying can be traced on metal, oil and gas, capital goods and consumer durable indices. On the other hand there is selling pressure on segments like realty, IT, banking and auto.
At 12:35pm, BSE Sensex was at 9,323.72 up by 0.13 points while the NSE Nifty was at 2,840.30 up by 11.85 points.
Jai Prakash Associates in their third quarter result posted a 6% rise in net profit. The profit of the company rose to Rs165.51 crore from Rs156 crore in the same quarter previous year.
Sterlite Industries is leading the gains at Rs271.25, a rise by 4.25%, along with Jaiprakash Associates by 3.25% to Rs68.25, Reliane Communications by 2.74% to Rs187.60 and ONGC by 2.60% to Rs665.
Meanwhile, Japan’s Nikkei is trading 0.3% up and Hang Seng 0.9% on hopes of US economic stimulus under American President-elect Barack Obama.
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First Published: Mon, Jan 19 2009. 02 05 PM IST
More Topics: India | Stocks | BSE | Sensex | NSE |