Mumbai, May 13 (IANS) A day after it fell 630 points on the back of the issue of tax on foreign investors, a benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), witnessed a choppy trade session during the mid-afternoon trade session on Tuesday.
However, the Sensex was in the positive territory — up by 280 points or over 1 percent. But before it made healthy gains, the barometer index had dipped into the negative zone around noon after gaining more than 300 points during the morning session.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made healthy gains during the mid-afternoon trade session. It was higher by 88.80 points or 1.09 percent at 8,215.75 points.
The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 27,023.71 points, was trading at 27,157.37 points (at 1.35 p.m.), up 279.89 points or 1.04 percent from the previous day’s close at 26,877.48 points.
The Sensex touched a high of 27,299.80 points and a low of 26,750.01 points in the intra-day trade so far.
In Wednesday’s trade, healthy buying was observed in interest-sensitive stocks like banks, automobile, capital goods, healthcare and consumer durables stocks.
However, metal and realty sectors came under heavy selling pressure.
The S&P BSE bank index zoomed by 453.32 points, followed by automobile index which augmented by 298.26 points, capital goods index which was higher by 232.88 points, healthcare index which rose by 159.07 points and consumer durables index which gained by 91.68 points.
The S&P BSE metal index slipped by 6.44 points and realty index was down by 1.11 points.
The barometer index had closed Tuesday’s trade down 630 points or more than two percent, due to heavy selling by foreign investors on the back of the minimum alternate tax (MAT) dispute, free-falling rupee value and disappointing fourth quarter results.
The Nifty of the NSE had also closed Tuesday’s trade deep in the red. It closed 198.30 points or 2.38 percent down at 8,126.95 points.