Sensex Closes Flat; IT Stocks Down


Mumbai: A benchmark index of Indian equities markets closed flat in the trade as information technology (IT) stocks fell.

The market sentiment was subdued as IT, healthcare and technology, entertainment and media (TECk) stocks were down. However, automobile, consumer durables and fast moving consumer goods (FMCG) scrips surged.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 20,449 points, closed at 20,420.26 points, down 4.76 points or 0.02 percent from its previous day's close at 20,425.02 points.

The Sensex touched a high of 20,482.67 points and a low of 20,348.06 points intra-day.

The S&P BSE bank index was down 191.76 points, oil and gas was 105.09 points lower, and power index lost 77.81 points.

Meanwhile, automobile index increased by 59.77 points, capital goods index moved up by 30.46 points and PSU index gained 5.81 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed Wednesday's trade 2.00 points down or 0.03 percent lower at 6,057.10 points.

Major Sensex gainers were: Tata Motors, up 2.31 percent at 399.25; ITC, up 1.03 percent at 314.05; ONGC, up 0.98 percent at 289.60; Coal India, up 0.84 percent at 265.35; and Dr.Reddy's Lab, up 0.77 percent at 2,425.80.

The main losers were: Bharti Airtel, down 1.76 percent at 321.80; NTPC, down 1.41 percent at 146.65; State Bank Of India (SBI), down 1.23 percent at 1,763.90; Sesa Sterlite, down 1.22 percent at 74.25; and Wipro, down 1.06 percent at 469.90.

Among the Asian markets, Japan's Nikkei closed 0.42 percent down, China's Shanghai Composite Index was up by 0.82 percent and Hong Kong's Hang Seng up 0.53 percent.

In Europe, London's FTSE 100 was trading 0.12 percent up, Germany's DAX Index was higher by 0.23 percent and the French CAC 40 Index was trading by 0.21 percent up.

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Source: IANS