Advertisement

HindustanTimes Fri,18 Apr 2014

Sensex surrenders early gains, trades flat

PTI  Mumbai, October 21, 2013
First Published: 10:03 IST(21/10/2013) | Last Updated: 15:13 IST(21/10/2013)

The BSE benchmark Sensex on Monday failed to maintain initial gains and was quoted slightly lower in the morning trade on mild selling pressure mainly in consumer durables, IT and tech counters.

Advertisement

The 30-share index opened higher at 20,915.76 and moved up to 20,970.92 on buying in capital goods, auto and realty shares on the back persistent capital inflows from foreign funds coupled with higher global cues.

However, it later dropped to 20,831.17 and was quoted at 20,833.52 at 1030hrs, showing a marginal loss of 7.72 points, or 0.04%, from its last weekend's level.

However, the 50-share NSE benchmark Nifty looked up by 8.95 points, or 0.14%, to 6,198.30 at 1030 hrs.

Major losers were TCS (1.85 points), Jindal Steel (1.17 points), ITC (1.16 points), HDFC Bank (1.15 points) and HDFC (1.13 points).

However, L&T rose by 4.32 points followed by Maruti 3.67 points, Hindalco Ind 2.57 points, Tata Motors 2.55 points, SSLT 1.64 points, Cipla 1.58 points, Gail India 1.23 points and M&M 1.22 points.

Foreign institutional investors (FIIs) bought shares worth Rs. 1752.98 crore on last Friday, according to provisional data from the stock exchanges.

Asian markets rose in early session as traders continued buying spree that began last week on bets that US Federal Reserve will continue its monetary stimulus for the world's largest economy.

Key benchmark indices in Singapore, Hong Kong, China, Indonesia and Japan rose between 0.1 points and 1.13 points, while indices in South Korea and Taiwan fell between 0.12 points and 0.21 points.

Advertisement
more from Business

Rajat Gupta to surrender on June 17 in insider trading case

Gupta was convicted in June 2012 on securities fraud and conspiracy charges for having fed tips, from Goldman board meetings in the second half of 2008, to longtime friend Raj Rajaratnam, founder of the Galleon Group hedge fund firm.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved