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Sunday, May 22, 2011

Sensex holds on to morning gains


A benchmark index of Indian equities markets, which rose after a quiet start on Friday, continued to hold on to its morning gains. Broader markets too were ruling in the green.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,199.96 points, was ruling at 18,326.15 points, up 184.75 points or 1.02 percent soon after start of trade, compared to its previous close at 18,141.4 points. The 50-scrip S&P CNX Nifty of the National Stock Exchange was ruling at 5,483.15 points, up 1.01 percent. Broader markets were ruling in the positive with the BSE midcap index ruling 0.81 per cent up and the BSE smallcap index up 0.88 per cent.
Capital goods, realty and power stocks were among major gainers at this time. All 13 sectoral indices on the BSE were in the green. The market breadth was positive with 1,538 stocks advancing, 834 on the decline and 111 unchanged. Among gainers on the Sensex were L&T, ONGC, Bharti Airtel and Cipla, while the sole loser on the barometer index at this time was Infosys. Asian markets were mostly flat. The Nikkei of the Japanese stock exchange was ruling flat at 9,625.35 points, while Hong Kong's Hang Seng was trading 0.07 per cent up at 23,179.86 points. The Shanghai Composite index of the Chinese markets was also trading lacklustre at 2,858.22 points, 0.05 per cent down.