February 18 2020
Sensex choppy in early trade, flirts with 17,200 levels
16 July 2012

NEW DELHI: The Sensex turned negative after rising over 50 points in early trade on Monday led by losses in Tata Steel, Jindal Steel and ONGC. The broader 50-share NSE index was down 0.1 percent at 5,221.90.

At 9:40 a.m., the 30-share BSE index was trading down 0.10 percent at 17,197.16. Tata Steel (2.5 percent), Jindal Steel (2.4 percent) and ONGC (0.2 percent) led the decliners.

MIndTree Ltd surged over 4 percent in opening trade after the company reported a 30.9 percent increase in QoQ net profit to Rs 89 crore mostly led by forex gains. The stock was trading 4.5 percent higher at Rs 688.15.

Kingfisher slipped nearly 2 percent in early trade to Rs 10.09 after the airline faced a fresh setback on Saturday when its pilots — who have not received salaries for five months — went on strike, forcing it to cancel as many as half of its scheduled 85 to 100 flights a day.

The BSE Healthcare Index was trading 0.4 percent higher, the BSE Banking Index advanced 0.2 percent and the BSE Capital Goods Index was up 0.24 percent.

The BSE Metal Index was trading 0.9 percent lower, the BSE IT Index declined 0.5 percent and the BSE Teck Index was down 0.2 percent.

Top traded stocks on the BSE include SBI, Infosys and Tata Steel.

Asian shares edged higher on Monday on fears of a slowdown in China after Premier Wen Jiabao said on Sunday that more stimulus measure will be taken in the second half of 2012.

Japanese markets are closed on Monday for a public holiday.

Hong Kong's Hang Seng was trading higher at 19,148.12, up 0.3 percent. South Korea's Kospi was trading 0.2 percent lower at 1,808.45. China's Shanghai Composite was trading at 2,165.12, down 0.9 percent.



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