Domestic indices back on positive terrain

Mumbai, Sep 6: The Bombay Stock Exchange (BSE) sensex today opened in the red at 15,383.18 from it's previous close of 15,446.15 due to overnight fall in US stocks caused by weak US housing data, but then soon recovered by 54.76 points to touch 15,500.91 in early trade on the back of solid fundamentals of the Indian economy.

Similarly, the National Stock Exchange (NSE) S&P CNX Nifty also opened weaker by around 15 points at 4,475.70 from it's previous close of 4,475.85 but then soon recovered by around 14 points to touch 4,489.00 .

The market breadth is now positive on the BSE, with 1108 shares advancing as compared to 924 that declined, while 85 remained unchanged. From 30-member sensex pack, 18 declined while the rest advanced.

ACC, Ambuja Cement, Reliance Energy, Mahindra&Mahindra and Reliance Industries were the early winners while Hindalco was the top loser.

Asian markets were trading mixed today. Japan's Nikkei and Hang Seng have slipped, while Taiwan's Taiwan Weighted, South Korea's Seoul Composite and Shanghai Composite rose.

US markets finished lower yesterday, after weak US housing data revived concerns about the health of the world's biggest economy.

The Dow Jones Industrial Average slipped 143.39 points, or 1.07 per cent, at 13,305.47. The Standard&Poor's 500 index fell 17.13 points, or 1.15 per cent, to 1,472.29, and the Nasdaq Composite index fell 24.29 points, or 0.92 per cent, to 2,605.95.

Crude oil prices rose to USD 76 a barrel today buoyed by expectations that US crude and gasoline inventories fell last week.

US crude rose 33 cents to USD 76.06 a barrel while London Brent crude was up 21 cents at USD 74.55 a barrel.

UNI