Sensex trades in red; capital goods stocks down

A benchmark index of Indian equities markets traded in the red around 1.00 p.m. as metal and capital goods stocks dipped.

Heavy selling pressure was observed in stocks of capital goods, metal, bank, consumer durables and oil and gas. However, healthy buying was sustained in healthcare and fast moving consumer goods (FMCG) sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,164.95 points, was trading at 27,011.48 points (at 1.00 p.m.), down 128.46 points or 0.47 percent from the previous day's close at 27,139.94 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also was trading in the red at 37.55 points or 0.46 percent down at 8,077.05 points.

The Sensex touched a high of 27,169.12 points and a low of 27,973.64 points in the trade so far.

The S&P BSE capital goods lost 190.11 points, metal index was lower by 161.62 points, bank index was down 156.99, consumer durables index dipped 123.65 points and oil and gas stocks fell 89.51 points.

However, healthcare index was up 8.47 points and FMCG index gained by 2.76 points.