Sensex in red, realty stocks lose


Mumbai: A benchmark index for Indian equities markets was ruling in the red, with realty and metal stocks taking the brunt of the selling pressure. Broader markets too were weak. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,532.85 points, was ruling at 19,359.95 points, down 88.74 points or 0.46 percent from its previous close at 19,448.69 points. The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading flat at 5,803.85 points, down 0.52 percent. Broader markets were ruling moderately higher with the BSE midcap index down 0.38 percent and the BSE small cap index down 0.19 percent. Among major gainers on the 30-scrip Sensex at this time were ONGC, Bajaj Auto, Bharti Airtel and Sterlite, while the losers included Reliance Communications, DLF, Jindal Steel and HDFC. The market breadth was negative with 1,037 stocks advancing, 1,643 on the decline and 104 remaining unchanged. Other Asian markets ended mixed with earlier gains being wiped out ahead of a US decision on interest rates. Stocks in Tokyo rose after the US Federal Reserve said Wednesday that it expected economic recovery to continue in the world's largest economy. The Japanese Nikkei average closed 1.63 percent lower at 9,849.74 points, while the Shanghai composite index of the Chinese stock exchanges shed 1.31 percent to end at 2,887.04 points. The Hang Seng of the Hong Kong stock exchange slipped 0.4 percent and was trading at 23,797.1 points.
Source: IANS