Markets remain volatile in a narrow range

BSE Capital Goods, Realty and Power indices have declined by nearly 1% each. However, BSE FMCG index is up by almost 0.5%.

SI Reporter Mumbai
Last Updated : May 08 2013 | 11:40 AM IST
Key share indices continue to remain volatile in a narrow range, oscillating between negative and positive terrain.

By 11:35, the 30-share Sensex was up 19 points at 19,908 and the 50-share Nifty was down 3 points at 6,040.

On the global front, Asian shares rose to their highest in nearly two years on Wednesday, as strong Chinese trade data added to positive sentiment already bolstered by record highs overnight for US and German stocks.

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On Tuesday, the Standard & Poor's 500 Index touched an intraday record high and the Dow Jones industrial average closed above 15,000 for the first time, while Germany's benchmark DAX equity index ended at a record high.

Back home, the rupee appreciated by 9 paise to 54.05 against the US dollar in early trade at the Interbank Foreign Exchange today on increased selling of the American currency by exporters.

On the sectoral front, BSE Capital Goods, Realty and Power indices have declined by nearly 1% each. However, BSE FMCG index is up by almost 0.5%.

The main gainers on the Sensex at this hour include HDFC, Tata Motors, HUL, TCS, ONGC and Coal India, all gaining between 1-2%.

On the losing side, Hero Moto, M&M, Tata Steel, Jindal Steel, L&T, NTPC and BHEL have declined between 1-2%.

Lupin is trading higher by around 3% to Rs 734, also its record high on NSE, ahead of fourth quarter (January-March) earnings.

The market breadth in BSE remains neutral with 866 shares advancing and 932 shares declining.
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First Published: May 08 2013 | 11:37 AM IST

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