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Sensex 47 points lower despite positive start

business Updated: Feb 25, 2010 12:49 IST

IANS
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A couple of hours into trade on Thursday, the benchmark index of Indian equities was 47 points lower than its previous close, having given up gains garnered just after the opening bell.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,264.1 points, was at 16,208.91 points, down 47.06 points or 0.29 percent from its previous close.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 4,845.8 points, against the previous close at 4,858.6 points, a loss of 0.26 percent or 12.8 points.

Broader market indices were ruling flat.

Consumer durables, healthcare and realty stocks saw buying interest, but FMCG, auto and energy scrips came under selling pressure.

The market breadth was just about positive, with 1,187 stocks advancing, compared to 1,181 on the decline and 105 remaining unchanged.

Most other Asian markets were also in the red with the benchmark Japanese index, Nikkei, losing 0.89 percent to be at 10,107.99 points, while the South Korean Kospi was 1.53 percent lower at 1,588.22 points.

Hong Kong's Hang Seng too was trading lower at 20,311.83 points, down 0.76 percent.

However, the Chinese Shanghai composite index was ruling in the green, 0.91 percent up at 3,049.55 points.