BSE Sensex down 0.14 pct on early trade

Indian equity markets are trading lower by 29.17 points or 0.14 percent on Thursday with consumer durables, metal, healthcare and auto sectoral indices are in the gaining side and telecom, IT and realty sectoral indices are in the negative side.

At 10:19 a.m., the Bombay Stock Exchange benchmark Sensex has declined by 29.17 points or 0.14 percent at 20,846.54 points with 12 components gaining and 18 components declining.

The 30-share index reached a high of 20,937.38 and a low of 20,836.37. The BSE bounced back, rose by 60.24 points to 20,935.95 points in the opening session.

The wide-based National Stock Exchange index Nifty decreased by 6.35 points or 0.10 percent to 6,269.35. The NSE index reached a high of 6,296.55 and a low of 6,264.85. Nifty opened up by 17.00 points or 0.27 percent to 6,292.70 points.

The BSE Sensex gainers are Hindalco, Tata Power, Sterlite Industries, Mahindra and Mahindra, State Bank of India, Hero Honda, Tata Steel, Wipro, Jindal Steel, ACC, Reliance Industries, NTPC and Maruti.

The Sensex the losers are Bharti Airtel, DLF, TCS, ONGC, HDFC, BHEL, Infosys, HDFC Bank, Tata Motors, Jaiprakash Associates, Reliance Communications, L&T, ICICI Bank and Hindustan Uniliver.

On Thursday, the Indian Markets to open flat in line with other global markets. It could remain rangebound between 20,970 and 20,760 levels on the Sensex, said the HDFC Securities in its outlook note.

The BSE’s Midcap Index gained by 0.57 percent to 8,780.31 and Smallcap Index also gained 0.95 percent to 11,351.01. Bank Nifty Index gained by 0.17 percent and CNX IT also moved down 0.70 percent.