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Sensex closes flat for the second straight day

business Updated: Nov 03, 2011 19:32 IST
IANS
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A benchmark index for Indian equities markets on Thursday closed on a flat note, rising from the lows of the day, even though concerns remained on the debt crisis in the Eurozone and rising food inflation at home.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,430.69 points, closed at 17,481.93 points, up 17.08 points or 0.1% from its previous close at 17,464.85 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended subdued, 7.3 points or 0.14% down at 5,265.75 points.

Broader markets ended lacklustre as well with the BSE 500 index down 0.19%. The BSE midcap index and smallcap indices closed flat.

The market breadth at the BSE was negative with 1,329 stocks advancing and 1,460 scrips declining, while 141 remained unchanged.

The prominent Sensex gainers included BHEL, up 4.18% at Rs.329.25; DLF, up 3.92% at Rs.245.15; Tata Power, up 3.23% at Rs.105.35; and Bharti Airtel, up 2.15% at Rs.392.55.

The losers on the benchmark were: Hindustan Unilever, down 2.08% at Rs.382.10; Tata Motors, down 1.74% at Rs.188.70; Sterlite Industries, down 1.7% at Rs.121.10; and Tata Steel, down 1.23% at Rs.462.

Asian markets were trading mixed as concerns remained over the Eurozone debt crisis even as they awaited the proposed bailout plan to help the debt-ridden Greek economy.

The Japanese markets were closed Thursday. Hong Kong's Hang Seng ended 2.49% down at 19,242.5 points.

The Chinese Shanghai composite index, however, closed flat at 2,508.09 points.

European markets were ruling higher as the likelihood of Greece Prime Minister George Papandreou resigning heightened.

Papandreou has lost the support from his party as most of his colleagues refuse his plan of seeking a referendum on the bailout plan proposed by European leaders.

Around mid-day, Britain's FTSE was trading 0.66% up at 5,520.37 points, while the French CAC 40 was ruling 2.18% up at 3,178.52 points.

The German DAX was also trading 2.26% up at 6,100.18 points.