Sensex opens flat, but mid-caps rally
December 14th, 2007
MUMBAI: The benchmarks opened slightly higher but slipped into the red tracking losses in key Asian indices. The Mid-caps, however, were buoyant extending previous day’s gains.
At 10:05 am, the National Stock Exchange’s Nifty was flat at 6160.95. The index touched a high of 6185.40 and low of 6137.90 in trade so far.
“Yesterday, Nifty opened negative but took support at 6005. Thereafter it recovered smartly and made a high of 6175. Now, Nifty can come up to 6189 and if it sustains above this level, it could test 6247 and above that 6320 levels. Nifty has support at 5923. Thus, one should keep a strict stop-loss of 5923 for all the long positions,” said Emkay Share and Stock Brokers.
The Bombay Stock Exchange’s Sensex was up 62 points or 0.3 per cent at 20,437.76, making a high of 20,498.11 and low of 20,367.90.
Biggest Sensex gainers were Mahindra & Mahindra (up 2.69%), ITC (1.53%), BHEL (1.16%), Hindalco Industries (1.14%), State Bank of India (1.01%) and DLF (0.97%).
Bharti Airtel (down 1.95%), HDFC (0.91%), Wipro (0.66%), Tata Consultancy Services (0.41%) and HDFC Bank (0.34%) were the losers.
The BSE Mid-cap Index was up 1.12 per cent and the BSE Small-cap Index was 1.74 per cent higher.
Across BSE, 1387 shares advanced and 137 declined.
In the rest of Asia, the Nikkei lost 1.86 per cent, the Hang Seng shed 1.1 per cent and the Straits Times lost 0.58 per cent.
Source: http://economictimes.indiatimes.com/
Entry Filed under: Sensex
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