Equity markets trade flat, capital goods gains 2 pc

Mumbai, Mar 8: The Bombay Stock Exchange (BSE) 30 share sensitive index (Sensex) opened flat at 10,728 points as compared to last close of 10,725 points.

After two weeks of bull run Sensex was trading lower by eight points at 10,716 points at 1112 hrs as compared to the last close.

Yesterday too the Sensex had closed flat at 10,725 points with loss of nine points.

In a volatile morning opening the Sensex touched a low of 10,656 points and a high of 10,740 points in the first hour of trade.

Sectoral indices of BSE of Banks, Infotech, Metal, Oil&Gas companies were trading lower.

However, the Midcap stock were doing well with the BSE Midcap index up by 0.86 per cent and BSE Smallcap index up by 1.07 per cent.

Capital Goods sector was up by more than two per cent.

The Nantional Stock Exchange (NSE) 50 share S&P CNX Nifty index opened flat at 3,183 points and was trading down by five points at 3,177 points at 1109 hrs.

The top gainers on the Sensex were Reliance Energy, Larsen&Toubro, Gujarat Ambuja Cements, Maruti, SBI, Tata Power, ACC, TCS Ltd, BHEL, And Grasim Industries.

Stock trailing on the Sensex HDFC, Hindalco, HDFC Bank, ONGC, Ranbaxy, Wipro, HLL, Tata Steel, ICICI Bank and Reliance Industries.

The global crude oil prices softened further to USD 61.48 per barrel at the the New York Mercantile Exchange (NYMEX) which will be a relief for investors in the market.

UNI