Sensex trades flat; capital goods stocks up

Mumbai, Dec 30 (IANS) A day after the cabinet passed an ordinance to amend the land acquisition act, a benchmark index of the Indian equities markets traded flat and made marginal gains of 16.02 points or 0.06 percent in the early morning trade session Tuesday.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE) had gained 154 points Monday on back of hopes of further reforms.
The markets are also hopeful that the government will go ahead and amend the mining act through ordinance route soon.
Healthy buying was observed in capital goods, healthcare and information technology (IT) stocks, while heavy selling pressure was seen in banking, metal and oil and gas scrip.
The sensitive index of the S&P BSE, which opened at 27,478.30 points, was trading at 27,411.75 points (9.30 a.m.) — up 16.02 points or 0.06 percent — from the previous day’s close at 27,395.73 points.
The Sensex has touched a record high of 27,478.30 points and a low of 27,336.33 points in the trade so far.
The S&P capital goods index surged 154 points, healthcare index was up 71.60 points and IT index moved up 50.39 points. However, bank index lost 62.93 points, metal index moved lower by 48.33 points and oil and gas index inched down by 47.83 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat. It was marginally up 6.05 points or 0.07 percent up at 8,252.35 points.