Sensex trades flat; bank stocks fall

Mumbai, Nov 26 (IANS) A day after it plunged 162 points or 0.57 percent, a benchmark index of Indian equities markets was trading flat — merely three points or 0.01 percent up in the early morning trade session Wednesday.

Healthy buying was observed in capital goods, fast moving consumer goods (FMCG) and consumer durable sector, while selling pressure was witnessed in bank, automobile and IT stocks.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 28,321.58 points, was trading at 28,340.76 points (at 10.30 a.m.) in the early session, up 2.71 points or 0.01 percent from the previous day’s close at 28,338.05 points.
The Sensex has touched a high of 28,379.27 points and a low of 28,276.80 points in the trade so far.
The S&P capital goods index gained 61.22 points, FMCG index was up 53.93 points and consumer durable index soared by 45.53 points. However, banking index moved down by 85.11 points; followed by automobile index which was lower by 49.23 points and IT index dropped by 29.99 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat. It was down 7.60 points or 0.09 percent at 8,455.50 points in the early morning trade session.