Sensex lacklustre, Asian cues negative

Monday, January 17, 2011

MUMBAI - A benchmark index of Indian equities market Monday was ruling dull, amid sombre cues coming from other major Asian markets. Broader markets saw profit booking.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,911.43 points, was ruling at 18,874.17 points — up 13.73 points or 0.07 percent from its previous close at 18,860.44 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange too was in the negative, trading 0.3 points or 0.01 percent higher at 5,654.85 points.

Broader markets too were in the red, with the BSE midcap index ruling 0.68 percent down and the BSE smallcap index trading 0.58 percent lower.

Realty, power and metals stocks were among the top losing sectors. IT and telecom were gaining at this time.

The market breadth was negative, with 1,010 stocks advancing compared to 1,602 scrips on the decline, while 133 stocks remained unchanged.

Among gainers on the Sensex were HDFC, TCS, ITC and Infosys, while the losers included Reliance Infra, Reliance Communications, Jaiprakash Associates and Hero Honda.

Asian stock markets were ruling in the red Monday as the Chinese central bank’s latest move to tighten monetary policy cast a gloom on trading.

The Chinese Shanghai Composite index shed 2.83 percent at 2,712.23 points, while Hong Kong’s Hang Seng was ruling 0.5 percent lower at 24,162.47 points.

The Japanese Nikkei closed flat at 10,502.86 points.

Filed under: Economy

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