Sensex range bound; capital goods stocks gain

Mumbai, June 1 (IANS) Anxiety over the apex bank’s move to cut key lending rates on the eve of its monetary policy review, kept a barometer of the Indian equities market trading in a tight range on Monday.

The benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading 55.66 points or 0.20 percent up during the late-afternoon trade session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading with marginal gains. It was up 5.25 points or 0.06 percent at 8,438.90 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 27,770.79 points, was trading at 27,884.10 points (at 3.05 p.m.), up 55.66 points or 0.20 percent from the previous day’s close at 27,828.44 points.

The Sensex has touched a high of 27,959.43 points and a low of 27,737.58 points in the intra-day trade so far.

Healthy buying was observed in the capital goods, fast moving consumer goods (FMCG) and oil and gas stocks. However, stocks like healthcare, banks and automobile came under heavy selling pressure.

The S&P BSE capital goods index augmented by 304.17 points, FMCG index gained by 85.47 points and oil and gas index rose by 73.52 points.

However, healthcare index receded by 461.36 points, bank index was lower by 106.48 points and automobile index fell by 52.92 points.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here