Broader indices outperform Sensex
Medium to small-sized scrips were doing better than frontline stocks at the Indian equities markets on Monday with a key index ruling flat in the afternoon.business Updated: Jan 11, 2010 14:45 IST
Medium to small-sized scrips were doing better than frontline stocks at the Indian equities markets on Monday with a key index ruling flat in the afternoon.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,724.59 points and was ruling at 17,564.42 points a little before noon, up 24.13 points or 0.14 per cent from its previous close at 17,540.29 points.
Around the same time, at the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 5,260.95 points, against the previous close at 5,244.75 points, a gain of 0.31 per cent.
Broader market indices were doing relatively better, with the BSE midcap index up 1.08 per cent and the BSE small cap index ruling 1.95 per cent higher.
The market breadth was positive, with as many as 2,179 stocks advancing, compared to 718 on the decline, and 57 remaining unchanged.
Among the major gainers at this time were DLF, up 2.93 per cent at Rs.401.65; Jaiprakash Associates, up 2.32 per cent at Rs 165.30; Hero Honda, up 1.89 per cent at Rs 1,678.10; and Maurti Suzuki, up 1.67 per cent at Rs 1,456.75.
Top losers included BHEL, down 1.14 per cent at Rs 2,395.60; RIL, down 1 per cent at Rs.1,090.90; Wipro, down 0.61 per cent at Rs 665; and Tata Motors, down 0.27 per cent at Rs 787.
Other Asian markets were a mixed bag, with a benchmark index of the Hong Kong Stock Exchange being 0.51 per cent up at 22,411.52 points, and the Chinese Shanghai composite index ruling 0.52 per cent higher at 3,212.75 points.
However, the Korean Kospi was trading slightly lower at 1,694.12, down 0.07 per cent.
Japanese markets were closed, while European markets were ruling strong after a firm opening.