Markets flat on mixed global cues
The key benchmark indices were trading flat today amid mixed trends in the overseas markets. The Sensex was up 29 points at 16,469 levels and the Nifty rose 0.2 per cent to 4,890.
While consumer durables and metal stocks trended higher, realty counters slipped in early trades. The metal index on the BSE rose 0.5 per cent and the BSE consumer durable index advanced 1.7 per cent. The realty index, however, shed 0.6 per cent.
Among the Sensex stocks, Sterlite Ind led the gainers. The stock rose 1.4 per cent. Reliance Infra, Wipro and Infosys also gained today. However, RCom was the biggest loser in the pack. The stock fell over 2 per cent.
In US, stocks mostly fell in light trading, though the Dow tacked on 20 points to close at a new high for the year. The Dow rose 20.03, or 0.2 percent, to 10,246.97, its highest close since Oct. 3, 2008.
The broader Standard & Poor's 500 index slipped 0.07, or less than 0.1 percent, to 1,093.01, after six days of gains. The Nasdaq composite index fell 2.98, or 0.1 percent, to 2,151.08.
Asian markets were trading mixed today. While Hong Kong’s Hang Seng rose 0.7 per cent, China’s Shanghai Composite and South Korea’s Kospi were trading in red turf. Japan’s Nikkei was flat at 9,874.
Source:Reuters