Sensex moves up in noon trade

Last Updated: Tue, Dec 14, 2010 07:30 hrs

Mumbai, Dec 14 (IANS) A benchmark index of Indian equities Tuesday rose in noon trade with broader markets managing to hold on to early gains.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,746.75 points, was ruling at 19,797.36 points - up 105.58 points or 0.54 percent from its previous close at 19,691.78 points.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty was trading at 5,932.35 points - up 0.42 percent.

Broader markets saw better gains, with the BSE midcap index ruling 1.2 percent up and the BSE smallcap index trading 1.29 percent higher.

Consumer durables, energy and metal stocks were in the green while auto scrips saw profit booking.

Among major gainers of the Sensex were Sterlite Industries, Tata Motors, Tata Steel and Reliance Infra, while prominent losers included Hero Honda, M&M, Jindal Steel and Bajaj Auto.

The market breadth was positive, with 1,797 stocks advancing, compared to 851 scrips on the decline, while 79 stocks were unchanged.

Other Asian markets were trading dull. The Shanghai Composite Index was ruling 0.11 percent higher at 2,926.13 points.

However, the Japanese Nikkei closed 0.21 percent up to close at 10,316.77 points and the Hong Kong's Hang Seng was trading 0.21 percent higher at 23,366 points.

More from Sify: