Sensex trades flat; bank stocks fall

Mumbai, Feb 25 (IANS) A benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading flat during late afternoon trade session Wednesday.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat. It was trading up 7.40 points or 0.08 percent at 8,769.50 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,115.32 points, was trading at 29,015.14 points (at 2.30 p.m.), up 10.48 points or 0.04 percent from the previous day’s close at 29,004.66 points.

The Sensex had touched a high of 29,269.83 points and a low of 29,013.65 points in the intra-day trade so far.

Sector-wise, healthy buying was observed in information technology (IT), technology, entertainment and media (TECK), oil and gas and fast moving consumer goods (FMCG) stocks.

However, bank, healthcare, metal, capital goods and consumer durables stocks came under heavy selling pressure.

The S&P BSE IT index was up 24.15 points, followed by TECK index which was higher by 15.93 points, oil and gas index rose 14.77 points and FMCG index augumented by 12 points.

However, S&P BSE bank index was down 106.84 points, healthcare index fell 90.46 points, metal index was lower by 70.46 points, capital goods index declined by 49.27 points and consumer durables index slipped 33.10 points.

Nifty Futures

niftyfutures.org@imediaone.com

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