Sensex trades down after touching record high

Mumbai, June 11 :

A benchmark index of the Indian equities market Wednesday was trading down around 50 points or 0.19 percent after it touched another record high of 25,735.87 points in the early morning trade.

Scrip of sectors like metal, capital goods, oil and gas, fast moving consumer goods (FMCG) and consumer durables came under sustained selling pressure.

However, healthy buying was observed in information technology (IT) stocks, followed by technology, entertainment and media (TECK) sectors and bank scrips.

The 30-scrip S&P Sensex (sensitive index) of the Bombay Stock Exchange (BSE), which opened flat at 25,583.69 points, was trading at 25,533.96 points around 11.30 a.m., down 49.73 points or 0.19 percent from its previous close of 25,583.69 points.

The benchmark index hit a high of 25,735.87 points and a low of 25,533.96 points in the trade so far.

The index touched a new high of 25,711.11 points in Tuesday’s intra-day.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was also trading flat at 7,660.55 points — up 4.15 points or 0.05 percent. The Nifty also touched a record high of 7,683.20 points in Tuesday’s opening trade.

The BSE metal index was down 169.97 points, followed by BSE capital goods index which fell by 119.60 points, oil and gas index declined by 99.12 points, FMCG index decreased by 95.48 points and consumer durables index slipped by 84.57 points.

Gainers included BSE IT index which soared by 217.92 points, TECK index was up 88.43 points and bank index gained by 66.35 points.

(IANS)