Sensex ends flat amid dull Asian cues
A key benchmark index for Indian equities markets today closed flat on what was a largely dull trading day. Broader indices nudged up a tad amid negative Asian cues.business Updated: Apr 19, 2011 18:06 IST
A key benchmark index for Indian equities markets on Tuesday closed flat on what was a largely dull trading day. Broader indices nudged up a tad amid negative Asian cues.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,091.78 points, closed at 19,121.83 points, up 30.66 points or 0.16 % from its previous close at 19,091.17 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange shut shop 0.27 % up at 5,744.35 points.
Broader markets ended moderately up with the BSE midcap index closing 0.36 % higher and the BSE small cap index up 0.29 %.
FMCG, power and auto stocks were among the major losers while telecom and energy scrips rose.
Among major gainers on the Sensex were Bharti Airtel, up 2.18 % at Rs.375.80; Reliance Communications, up 2.08 % at Rs.107.80; L&T, up 1.62 % at Rs.1,706.80; and HDFC Bank, up 1.4 % at Rs.2,348.05.
The losers included Hero Honda, down 4.64 % at Rs.1,777.20; BHEL, down 2.37 % at Rs.2,135.60; Hindustan Unilever, down 1.2 % at Rs.276.95; and ITC, down 1.05 % at Rs.187.95.
The market breadth was negative with 1,389 stocks advancing, 1,476 on the decline and 116 remaining unchanged.
According to data available with market regulator SEBI, foreign institutional investors were net sellers, shedding stocks worth $178.57 million Tuesday.
Asian markets also ended in the negative.
The Japanese Nikkei average closed 1.21 % down at 9,441.03 points, while the Shanghai composite index of the Chinese stock exchanges moved down 1.91 % to close at 2,999.04 points.
The Hang Seng of the Hong Kong stock exchange was in the red, ending 1.3 % lower at 23,520.62 points.
The European stock markets rose, led by autos and luxury goods scrips. They also found support from the strong euro-zone manufacturing data which turned out better than expected.
Around midday, the French CAC 40 was trading 0.75 % higher at 3,910.53 points, while Britain's FTSE was ruling 0.65 % up at 5,908.43 points.
The German DAX was ruling 0.48 % up at 7,060.85 points.