Indian
equities choppy; metal, banking stocks up
Monday March 21, 2011 03:50:48 PM,
IANS
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Mumbai: Benchmark
indices of Indian equities markets witnessed a choppy session with
positive bias Monday as investors lacked direction after last week's
correction.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE),
opened with a decent gain of over 100 points. However, the index
pared the gains in the first hour of trading and was rangebound in
the afternoon.
The benchmark Sensex, which opened at 17,984.72 points, was ruling
17,892.98 points, up 0.08 percent or 14.17 points from the previous
close of 17,878.81 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX
Nifty was up 0.13 percent or 7.05 points at 7,380.75 points.
Among the sectoral indices, metal, oil and gas, FMCG and banking
indexes were in the positive while realty, IT and technology indices
were in the red.
Major gainers on the Sensex were: Jindal Steel, up 1.25 percent at
Rs.657.95; Tata Steel, up 1.16 percent at Rs.603.20; HDFC, up 1.15
percent at Rs.628.10; and Sterlite Inds, up 1.07 percent at
Rs.159.90.
Among major Sensex losers were Hindalco Inds, down 2.15 percent at
Rs.193; Cipla, down 1.45 percent at Rs.289.55; Maruti Suzuki, down
1.02 percent at Rs.1,146.50; and Reliance Comm, down 0.96 percent at
Rs.103.50.
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