Sensex up 22 points
The 30-share index of the Bombay Stock Exchange was quoted at 17,622.53, a rise of 22.41 points over its previous close of 17,600.12.business Updated: May 05, 2008 14:06 IST
The stock markets showed signs of consolidation on Monday with the benchmark Sensex up 22 points in range-bound activity during morning trade amid mixed trend in other Asian markets.
The small cap and mid cap segments attracted increased activity with their indices trading remarkably higher.
The 30-share index of the Bombay Stock Exchange was quoted at 17,622.53, a rise of 22.41 points over its previous close of 17,600.12.
The Sensex moved in a range of 17,687.00 and 17.553.72 in the initial thirty minutes of trade.
The broader 50-share S&P CNX Nifty of the National Stock Exchange also was down 8.15 points at 5,220.05 at 1030 hours from its last close of 5,228.20.
Capital Goods shares were in keen demand. The BSE CG Index spurted by 207.44 points to 8,926.13 in early trade.
Marketmen said the market is expected to consolidate at the current levels after a strong surge of over 11 per cent or 1,792 points in the last three week.
They said inflation is the biggest concern for the market which is likely to surge further after the inflation is brought under control.