Markets reverse morning losses, back in green (Lead)

Mumbai, April 23 (Inditop) Indian equities markets reversed opening losses Wednesday, with a key index rising 138.91 points higher than its last closing figure, a little before noon.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which had opened at 10,841.57 points, was ruling at 10,959.1 points, 1.31 percent or 9,141.56 points higher than its previous close.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) was ruling at 3,378.3 points, 1.44 percent up from its last close of 3,333.3 points.

Among broader market indices, the BSE midcap index rose 0.15 percent, while the BSE smallcap index was down 0.29 percent.

Of the 13 sectoral indices on the BSE, the indices for IT, auto and metal stocks gained the most.

Gainers among the scrips on the 30-composite Sensex included Wipro, up 6.07 percent at Rs.298.75; Reliance Communications, up 4.18 percent at Rs.223; Tata Steel, up 3.17 percent at Rs.248.80, and TCS, up 2.99 percent at Rs.559.20.

There were only four scrips that lost ground around this time: Bharti Airtel, down 1.38 percent at Rs.700.85; Ranbaxy Laboratories, down 0.45 percent at Rs.176.70; Sun Pharma, down 0.28 percent at Rs.1,177, and HDFC, down 0.14 percent at Rs.1,087.70.

In other Asian markets, a key Japanese index – the Nikkei of the Tokyo Stock Exchange – closed higher in the green Thursday after being somewhat unsteady in past two days; it ended trade at 8,847.01 points, about 119.71 points higher than its previous close.

The Hang Seng, a key index of the Hong Kong Stock Exchange, was in the green at 15,012.21 points, 133.76 points above its previous close.

In the US stock markets gave mixed signals as two key indices, Dow Jones Industrial Average and the broader Standard and Poor’s 500 Index fell owing to concerns about the banking and economy.

The blue-chip Dow fell by 82.99 points or 1.04 percent, to 7,886.57 points, while the broader Standard and Poor’s 500 Index lost 6.53 points or 0.77 percent, to 843.55 points.

The technology-heavy Nasdaq Composite Index, however, rose 2.27 points or 0.14 percent, to 1,646.12 points after AT&T posted a profit.