Sensex opens positive, lands into red

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Mumbai, Dec 18: After making a positive start, the Sensex of the Bombay Stock Exchange (BSE) slipped into red in the mid-morning trade on weak global cues.

Sensex today, smartly resumed 77.79 points up at 19,339.14 from its previous close of 19,261.35 on fresh inflows in the early trade, after logging second highest downfall yesterday. However, it failed to sustain the gains and soon after few trades slipped at a low of 19, 129.30, fell about 210 points on sustained profit booking in the equity market, traders said.

Similarly, Nifty at index at National Stock Exchange (NSE) resumed steady at 5,777.60 and touched a high of 5, 874.60 in the early trade and later came down to 5756.25 in the mid-morning trade.

The market breadth was weak. FMCG and realty stocks gained.

Banking stocks declined. Reliance Industries edged lower. Asian markets were trading mixed today. US stocks tumbled yesterday, on concerns about the US economy, amid signs of rising inflation and weakness in holiday shopping.

Market breadth was weak. On BSE, 902 stocks advanced, 1,649 stocks declined and 45 stocks remained unchanged. Out of 30, 21 stocks from the Sensex pack declined.

BSE Mid-Cap index declined 1.05 per cent to 9,010.26. BSE Small-Cap index declined 1.05 per cent to 11,715.95 . Both these indices underperformed the Sensex.

State Bank of India was flat at Rs 2,314.20. FMCG majors rose.

ITC was up 1.01 per cent to Rs 195.50, Tata Tea up 1.21 per cent to Rs 880, United Breweries up 1.51 to Rs 336.90 edged higher.

Realty stocks gained. While, banking stocks declined.


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