Markets turn volatile around noon (Lead)

Mumbai, April 24 (Inditop) Indian equities markets turned volatile around noon Friday, with a key index hovering between red and green terrains after making a positive opening.

Around noon, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which had opened at 11,149.47 points, was ruling at 11,174.43 points, 0.35 percent or 39.44 points higher than its previous close.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) was ruling at 3,434.7 points, 0.32 percent up from its last close of 3,423.7 points.

Among broader market indices, the BSE midcap index rose 1.45 percent, while the BSE smallcap index was up 1.5 percent.

Of the 13 sectoral indices on the BSE, the indices for consumer durables, banking and capital goods stocks gained the most.

Gainers among the 30-scrip Sensex included Jaiprakash Associates, up 4.93 percent at Rs.124.45; Mahindra and Mahindra, up 3.74 percent at Rs.459.50; Bharti Airtel, up 3.4 percent at Rs.733; and ACC, up 2.58 percent at Rs.664.40.

Among losing scrips were Maruti Suzuki, down 3.52 percent at Rs.771.50; Tata Motors, down 3.24 percent at Rs.237.40; Wipro, down 3.13 percent at Rs.303.15; and Infosys, down 1.99 percent at Rs.1,421.

Other Asian markets were also trading negative, with a key Japanese index – the Nikkei of the Tokyo Stock Exchange – closing in the red Friday, giving up more than what it gained Thursday; it ended trade at 8,707.99 points, about 139.02 points lower than its previous close.

The Hang Seng, a key index of the Hong Kong Stock Exchange, was in the red at 15,148.32 points, 66.14 points below its previous close.

In the US, stock markets closed higher after top corporate houses reported higher than estimated earnings.

The blue-chip Dow rose 70.49 points or 0.89 percent to 7,957.06 points, while the broader Standard and Poor’s 500 Index gained 8.37 points or 0.99 percent to 851.92 points.

The technology-heavy Nasdaq Composite Index moved up 6.09 points or 0.37 percent to 1,652.21 points.