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Sensex crawls into green after weak opening

Thursday, August 27, 2009 (12:52:24) Tags: business, exchange, Indian equities, Sensex, BSE, NSE Mumbai: A key index of Indian equities markets that opened lower on weak global cues climbed back into the green a little after noon today. At 12.28 p.m., the 30-scrip benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 15,711.8 points, was at 15,798.1 points -- 28.25 points or 0.18 percent above Wednesday's close. At around the same time, the S&P CNX Nifty of the National Stock Exchange (NSE), too, was trading in the positive terrain at 4690.25 points, up 0.20 percent. Broader market indices were also doing well, with the BSE midcap index trading 0.71 percent higher and the BSE small cap index moving up 1.49 percent. Of the 13 sectoral indices on the BSE, those for consumer durables and healthcare scraps were gaining the most, while realty and FMCG were losing. The market breadth was positive, with 1,686 stocks on the rise, compared to 882 on the decline, while 72 remained unchanged. Among the gainers at this time were Bharti Airtel, up 2.37 percent; Wipro, up 1.93 percent; Tata Power, up 1.47 and State Bank of India, up 1.06 percent. Among losers were Tata Steel, down 1.45 percent; Tata Motors, down 1.43 percent; Hindustan Unilever, down 1.39 and ICICI Bank, down 1.16 percent. Other Asian markets were trading in the green, with the Nikkei, a key index of the Tokyo Stock Exchange, ending 165.74 points lower at 10,473.97 points. At the Shanghai Stock Exchange, the main index was ruling 0.73 percent lower at 2275.7 points, while the primary index of the Hong Kong Stock Exchange, Hang Seng, was ruling in the red at 20,237.81 points, down 218.51 points or 1.07 percent.(IANS)