Mumbai, Sep 29 (IANS) A benchmark index of Indian equities Wednesday gave up its modest morning gains and was ruling 57 points in the red in afternoon trade. Broader markets were also trading lacklustre.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened at 20,086.89 points, slipped into the red and around 12.40 p.m. was ruling at 20,049.82 points, down 55.04 points or 0.27 percent from its previous close at 20,104.86 points.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty was ruling at 6,017.75 points, down 0.19 percent.
Broader markets were dull. The BSE midcap was trading 0.12 percent up and the BSE smallcap index 0.41 percent higher.
The market breadth was mixed with 1,458 scrips advancing, compared to 1,435 stocks declining and 108 remaining unchanged.
Auto and realty sector stocks saw gains. Selling was seen in FMCG, metals and some PSU scrips.
Other Asian markets were enthused by hints that the US Federal Reserve may introduce more stimulus measures to back the economic recovery in the world’s largest economy.
Wall Street’s positive closing Tuesday also helped improve sentiments.
The Japan’s Nikkei closed 0.67 percent higher at 9,559.38 points.
Hong Kong’s Hang Seng was up 1.36 percent at 22,410.56 points, while the Chinese Shanghai Composite index was trading flat.
