Sensex trades flat; healthcare stocks down

Mumbai, June 9 (IANS) A day after it touched the lowest levels since October last year, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was trading flat in the pre-afternoon trade session on Tuesday.

It was marginally up by 14 points or 0.05 percent during the pre-afternoon trade session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was, however in the red. It was trading down 8.70 points or 0.11 percent at 8,035.45 points.

The Sensex of the S&P BSE, which opened at 26,510.29 points, was trading at 26,537.36 points (at 11.45 a.m.), up 14.27 points or 0.05 percent from the previous day’s close at 26,523.09 points.

The Sensex has touched a high of 26,585.90 points and a low of 26,446.50 points during the intra-day trade so far.

According to Angel Broking, the Indian markets opened in the negative territory tracking SGX Nifty and other Asian peers.

The firm said that the Indian markets continued their downtrend on Monday. Investors were anxious over the US Fed rate hike decision, delays over Greece loan repayment, weaker monsoon forecast, cautious RBI (Reserve Bank of India) stance on growth and selling pressure by the FII (Foreign Institutional Investors).

During Monday’s pre-afternoon trade session, heavy selling was observed in the healthcare, automobile and capital goods sectors, while healthy buying was seen in the banking, metal and consumer durables stocks.

The S&P BSE healthcare index receded by 202.77 points, followed by automobile index which declined by 89.57 points and the capital goods index which was down by 67.32 points.

The S&P BSE banking index gained by 105.75 points, metal index rose by 73.24 points and consumer durables index was up by 60.65 points.
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