Sensex reverses early losses, broader markets up too

The 30-scrip sensitive index Bombay Stock Exchange today rose shrugging off early weakness. Broader markets too moved up after a lukewarm start.

A benchmark index for Indian equities markets Wednesday rose shrugging off early weakness. Broader markets too moved up after a lukewarm start.

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The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,187.01 points, was ruling at 19,452.81 points, up 190.27 points or 0.99 % from its previous close at 19,262.54 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange was trading 0.98 % higher at 5,842.45 points.

Broader markets were ruling in the green as well, with the BSE midcap index trading 0.82 % up and the BSE smallcap index ruling 1.02 % higher.

Auto, capital goods and IT stocks were among the major gainers. All the 13 sectoral indices were in the positive.

Among major gainers on the Sensex were Jaiprakash Associates, Hindustan Unilever, Tata Motors and TCS, while the losers included Sterlite Industries, Hindalco, Tata Power and Jindal Steel.

The market breadth was positive with 1,758 stocks advancing, 912 on the decline and 93 remaining unchanged.

Other Asian markets moved up inspite of the growing concerns about the radiation leak at the Fukushima nuclear power plant in Japan. The intensity of the radiation leak was Tuesday raised to match the level of Chernobyl.

The Hang Seng of the Hong Kong stock exchange too was up, trading 0.71 percent higher at 24,146.21 points.