Sensex Up Marginally In Range Bound Trade @ 1:34 Hrs

After making a positive opening, the Sensex, which saw choppy trades, was trading in a range bound manner this afternoon (1:34 p.m.).

It continued its run on a flat note. Heavy selling action was witnessed across realty, IT and banking stocks, while oil & gas and metal stocks went up.

The US markets will remain closed today because of Martin Luther King Junior’s birthday.

Asian markets shed early gains and European markets trade mixed at the same time.

BSE Midcap and Smallcap index grew 0.40% and 0.96% respectively.

The 30-share index, BSE Sensex, today (Jan 19) opened at 9,381.78 after gaining 58.19 points.

At 01:34 p.m., the 30-share index Sensex gained 4.37 points at 9,327.96. It also touched a high of 9,381.78 and a low of 9,273.47.

Meanwhile the broad based Nifty stood at 2,839.50, up 11.05 points, after hitting a high of 2,849.50 and a low of 2,819.90.

The overall breadth of the stock market was positive as it saw 1,193 progressions as against 970 declinations.

The major gainers in the 30-share index included Sterlite Industries (India) (4.42%), Jaiprakash Associates (3.25%), Reliance Communications (2.74%), Oil & Natural Gas Corporation (2.60%), Bharti Airtel (1.95%) and Tata Steel (1.81%).

On the other hand, the biggest losers in the Sensex were Mahindra & Mahindra (3.86%), DLF (2.66%), ICICI Bank (2.39%), Wipro (2.25%), Tata Power Company (2%), and Tata Consultancy Services (1.98%).

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