Sensex trades flat; IT stocks down

Mumbai, Aug 7 :

A benchmark index of Indian equities markets was trading flat – 9.12 points or 0.04 percent up in Thursday’s early morning trade session, a day after it plunged 242 points.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 25,668.71 points, traded at 25,674.39 points, up 9.12 points or 0.04 percent from its previous day’s close at 25,665.27 points.

The Sensex touched a high of 25,678.85 points and a low of 25,594.25 intra-day.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat. It was up 7.30 points or 0.10 percent at 7,679.35 points.

Healthy buying support was observed in metal, capital goods, bank, oil and gas and consumer durables stocks. However, information technology (IT) and technology, entertainment and media (TECK) sectors declined.

In Thursday’s trade, the S&P BSE metal index was up 91.04 points followed by capital goods index which was higher by 82.40 points, bank index gained 81.29 points, oil and gas index rose 81.17 points and consumer durables index moved up 29.50 points.

However, the S&P BSE IT index was down 142.43 points and TECK index lost 64.13 points.

(IANS)