After initial gains, Sensex slips below 28,000 mark | business | Hindustan Times
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After initial gains, Sensex slips below 28,000 mark

After crossing the 28,000-mark in the opening hours, the Sensex slipped below this psychological mark at 12 noon on Tuesday, as investors started booking gains on previous rises.

business Updated: Aug 18, 2015 12:51 IST
HT Correspondent

After crossing the 28,000-mark in the opening hours, the Sensex slipped below this psychological mark at 12 noon on Tuesday, as investors started booking gains on previous rises.



The 30-share Sensex was ruling up marginally, by about 5 points at 27,883, with domestic funds mostly buying shares.



The mid-cap segment has been seeing much of the action with the S&P BSE midcap rising the most among all indices, by about 32 points, a clear indication of increased activity from domestic mutual funds.



Ashok Leyland is the gainer till now with the stock up 5.3% in intra-day trade at Rs 96.60 while pharma company Glenmark was up 2.5% at Rs 1158, and power company Alstom 2.4% at Rs 525.90.



The losers so far are Sun TV, down by 7.8%, JP Associates fell by 2.9% and Bank of India steeped 2.7%.



The BSE small cap index too rose by about 31 points, with Signet Industries up by 9.2% and Shrenuj & Co up by 8.3%.



“Continued depreciation of the rupee is another factor for the marginal trading activity in the markets now,” said a broker, adding that the markets are now looking at some concrete action from the Reserve Bank of India in the form of a rate cut.