Sensex rangebound; realty, banking stocks rally

Mumbai, May 16 (IANS) A benchmark index of the Indian equities markets was trading rangebound Thursday as losses in FMCG, IT and consumer durables stocks offset gains in realty, oil and gas and banking scrips.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the negative at 20,167.93 points, was ruling at 20,226.69 points in the late afternoon session, up 0.07 percent or 13.73 points from its previous day close at 20,212.96 points.

The Sensex touched a high of 20,326.48 points and low of 20,162.12 points in the intra-day.

The market was witnessing sluggish trading a day after posting the biggest rally in a year. The benchmark Sensex had gained 2.49 percent or 490.67 points Wednesday.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was trading 0.18 percent or 11.25 points higher at 6,158.00 points.

There was good buying support in realty, oil and gas, healthcare and banking stocks.

The BSE realty index jumped 2.10 percent. Oil and gas index was up 1.43 percent; healthcare index was up 1.38 percent and banking index was trading 1 percent higher.

However, there was selling pressure in FMCG, technology and consumer durables scrips. The BSE FMCG index was down 1.65 percent; IT index was down 1.15 percent and consumer durables index was down 0.51 percent.

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