Sensex drops 53 points; capital goods sector drop

A benchmark index of Indian equities markets Wednesday was trading at 52.69 points or 0.18 percent down as capital goods sector dropped.

Good buying was observed in consumer durables and IT sectors, while selling pressure was seen in capital goods and banking sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 29,565.72 points, was trading at 29,518.35 points (at 09.25 a.m.) in the early session, down 52.69 points or 0.18 percent from the previous day's close at 29,571.04 points.

The Sensex has touched a high of 29,581.52 points and a low of 29,512.48 points in the trade so far.

The S&P consumer durables index gained 98.01 points and IT index moved up by 41.34 points. However, capital goods index dropped by 104.31 points and bankex went down by 92.20 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also was trading 2.10 points or 0.02 percent down at 8,908.40 points.