Mumbai, June 4 (IANS) After two days of consecutive heavy losses, a benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading more than 200 points in the red during the mid-afternoon trade session on Thursday.
The Sensex of the S&P Bombay Stock Exchange (BSE) was trading 205.09 points or 0.76 percent down.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading in the negative zone. It was down 59.05 points or 0.73 percent at 8,076.05 points.
The S&P BSE Sensex, which opened at 26,940.64 points, was trading at 26,632.11 points (at 1.35 p.m.) — down 205.09 points or 0.76 percent from the previous day’s close at 26,837.20 points.
The Sensex touched a high of 26,948.84 points and a low of 26,565.65 points in the intra-day trade so far.
According to Angel Broking, Indian markets opened in the positive zone tracking the SGX Nifty.
The firm said Indian shares fell sharply on Wednesday as concerns around below-normal monsoon and expectations that the RBI (Reserve Bank of India) will have limited room to cut interest rates in the coming months kept markets under severe selling pressure for the second day running.
During Thursday’s trade, healthy buying was observed in capital goods, information technology (IT) and technology, entertainment and media (TECK) sector.
However, heavy selling was observed in interest-sensitive stocks like automobile, healthcare, banking, metal, consumer durables and fast moving consumer goods (FMCG).
The S&P BSE capital goods index rose by 43.54 points, IT index gained 10.62 points and TECK index increased by 7.54 points.
However, the S&P BSE automobile index plunged by 239.47 points, healthcare index went lower by 194.39 points, banking index tanked 185.56 points, metal index fell by 182.33 points, consumer durables index lost 164.45 points and FMCG index was down by 64.09 points.