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.

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