Sensex opens in green by 15 pts, tanks soon

Mumbai, Sep 12: The BSE Sensex in its drive to build over yesterday's loss was gripped by strong volatility and swung almost 100 points since opening in the green today.

The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) opened 15 points in the green at 11,564.95 points and soon tanked more than 100 points in the first wave of selling. However, it regained some strength and is currently trading at 11,502.70 points.

Major sectoral indices on the BSE were down in red, with metals down 2.29 per cent, FMCG down 1.43 per cent and the health care down 1.10 per cent. However, Bankex and IT were trading up by 0.62 and 0.55 per cent respectively.

List of gainers on the index included TCS, ICICI Bank, Satyam Computers, HDFC Bank, Hero Honda, Infosys, SBI, Bharti Airtel, Reliance Communications and ACC - all up from 0.20 to 1.15 per cent.

Besides, the losers were Hindalco, BHEL, ITC, ONGC, Tata Steel, Reliance Energy, Gujarat Ambuja, Ranbaxy, HLL and Grasim Industries - all down from 1.15 per cent to 4.67 per cent.

Meanwhile, most Asian markets were trading with losses with the exception of Hong Kong's Hang Seng as it surged 97.54 points or 0.58 per cent to 17,046.13 points.

The Taiwan Weighted lost 68.15 points or 1.02 per cent to 6,625.73, while the Japanese Nikkei 225 index was down 81.94 points or 0.52 per cent to 15712.44.

UNI

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