Sensex slips into red
A benchmark index for Indian equities slipped from its intra-day highs and was ruling marginally lower than its previous close. Other Asian markets, however, closed in the green.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,063.48 points, was trading in afternoon trade at 17,998.73 points, almost unchanged from Friday's close at 17,998.41 points. It had risen to 18,216.5 points soon after opening bell.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling 0.05 per cent up at 5,410.2 points. Broader markets indices were ruling in a slump. The BSE midcap index was down 0.19 per cent while the BSE smallcap index was flat. Metal and energy scrips saw some buying, while IT and FMCG stocks came under selling pressure.
The market breadth was tilted towards the positive with 1,490 scrips advancing, compared to 1,410 stocks declining and 97 remaining unchanged. Other major Asian markets moved up higher on Monday, reacting positively to the US Federal Reserve Chairman Ben Bernanke's comments that he would step in and take more "unconventional" steps to boost growth if the American recovery "deteriorated significantly".
The Japanese Nikkei closed 1.76 per cent up at 9,149.26 points. The Chinese Shanghai Composite index ended 1.61 per cent higher at 2,652.66 points, while Hong Kong's Hang Seng closed 0.68 per cent higher at 20,737.22 points. European markets were ruling quiet at this time.
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