Sensex ends flat; automobile, PSU stocks lose

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SME Times News Bureau | 23 Jan, 2013
A benchmark index for Indian equities markets closed Wednesday's trade flat, with automobile, public sector undertakings (PSUs) and consumer durables stocks coming under pressure.

The Bombay Stock Exchange (BSE) Sensex, which opened at 19,997.04 points, closed at 20,026.61 points - up 45.04 points or 0.23 percent from its previous close at 19,981.57 points.

The Sensex touched an intra-day high of 20,058.07 points and a low of 19,920.91 points.

The midcap index was down 64.74 points, while the smallcap index closed 55.50 points lower.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was trading up 5.80 points or 0.10 percent at 6,054.30 points.

Major indices like automobile index was down 92.63 points, while the PSU index fell 72.91 points and consumer durables index came down 70.68 points.

Among gainers, the bank index ended higher by 61.56 points, followed by technology, communication and entertainment (TECk) index, up 24.44 points, and the capital goods index, up 11.02 points.

The major Sensex gainers were Bharti Airtel, up 4.44 percent at Rs.367.25; Tata Power, up 2.38 percent at Rs.109.85; ITC, up 1.37 percent at Rs.292.60; Hero MotoCorp, up 1.02 percent at Rs.1,779.20; and HDFC, up 0.92 percent at Rs.820.75.

The main losers were Hindustan Unilever, down 4.43 percent at Rs.460.20; Tata Motors, down 1.98 percent at Rs.312.00; Hindalco Inds, down 1.54 percent at Rs.117.90; Gail India, down 1.32 percent at Rs.365.90; and Bajaj Auto, down 1.24 percent at Rs.2,036.25.

Among other Asian markets, Japan's Nikkei index was down 2.08 percent, while Hong Kong's Hang Seng ended 0.10 percent lower. However, the Shanghai Composite Index gained 0.25 percent.

In Europe, Britain's FTSE 100 was up 0.19 percent, while the German DAX was trading 0.19 percent higher. The French CAC 40 was down 0.35 percent.