Sensex wipes off early gains, down 8 pts
June 04, 2015 11:49
Volatility ruled as key benchmark indices struggled to recover from the day's low in morning trade.
The Sensex failed to maintain initial gains and was trading lower by 8 points in late morning trade as it came marginally under pressure due to selling at FMCG, healthcare, auto and consumer durable counters.
However, renewed buying was seen in realty, capital goods, IT, banking, technology and power stocks. The market breadth indicating the overall health of the market remained strong.
The 30-share index Sensex resumed higher at 26,940.64 and hovered in a range of 26,948.84 and 26,742.15 before quoting at 26,829.42 at 1100 hours, a marginal fall of 7.77 points, or 0.03 per cent, from its last close.
The Sensex failed to maintain initial gains and was trading lower by 8 points in late morning trade as it came marginally under pressure due to selling at FMCG, healthcare, auto and consumer durable counters.
However, renewed buying was seen in realty, capital goods, IT, banking, technology and power stocks. The market breadth indicating the overall health of the market remained strong.
The 30-share index Sensex resumed higher at 26,940.64 and hovered in a range of 26,948.84 and 26,742.15 before quoting at 26,829.42 at 1100 hours, a marginal fall of 7.77 points, or 0.03 per cent, from its last close.
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