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Sensex flat in noon trade

business Updated: Jan 21, 2011 13:44 IST

PTI
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A benchmark index for an Indian equities market on Friday was trading flat in noon trade even as broader markets saw buying action.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,007.08 points, was ruling at 19,014.08 points - 32.46 points or 0.17 % down from its previous close at 19,046.54 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange too was ruling tightly bound at 5,700.2 points, 11.4 points or 0.2 % lower.

Broader markets saw some gains with the BSE midcap index up 0.54 % and the BSE smallcap index up 0.8 %.

IT and telecom stocks fell, while energy and consumer durables scrips moved up.

The market breadth was positive, with 1,632 stocks advancing compared to 1,029 scrips on the decline, while 91 stocks remained unchanged.

Among gainers on the Sensex were BHEL, Reliance Com, SBI and RIL, while the losers included Wipro, Sterlite Industries, ONGC and Jindal Steel.

Other Asian stock markets were trading mixed with concerns that China would announce more monetary policy tightening measures weighing on traders' minds.

The Chinese Shanghai Composite index moved up 1.61 % at 2,720.65 points, while the Japanese Nikkei closed 1.56 % down at 10,274.52 points.

However, Hong Kong's Hang Seng shed 0.39 % to rule at 23,909.46 points.