Indian markets ape dull Asian bourses

MUMBAI - A benchmark index of Indian equities Tuesday, after an hour since opening bell, continued to languish in dull trade, joining other gloomy Asian stock indices.

Broader markets, however continued to show buying enthusiasm.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,114.37 points, was after an hour of trade at 20,139.07 points, up 21.69 points or 0.11 percent from its previous close at 20,117.38 points.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty was ruling at 6,038.75 points, up 0.05 percent.

Broader markets were in the positive. The BSE midcap was trading 0.42 percent up and the BSE smallcap index 0.5 percent higher.

The market breadth was positive with 1,481 scrips advancing, compared to 900 stocks declining and 104 remaining unchanged.

Power and capital goods sector stocks saw gains. Selling was seen in some banking stocks.

Other Asian markets were trading weak, tracking the fall in overnight US stock markets. Major US stock indices fell Monday on the back of a poor showing for financial firms and fresh concerns over Europe’s most indebted governments.

The Japan’s Nikkei was ruling 0.6 percent lower at 9,542.37 points.

Hong Kong’s Hang Seng was down 0.13 percent at 22,311.23 points, while the Chinese Shanghai Composite index was trading 0.27 percent lower.