Sensex trades flat, capital goods and bank stocks plummet

Mumbai, May 8 (IANS) A benchmark index of the Indian equities markets was trading flat in afternoon trade Wednesday following heavy selling pressure in capital goods, banks, automobile, metal and realty stocks.

However, fast moving consumer goods (FMCG) rallied.

On Tuesday, the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), closed over one percent up and touched its highest level in the last three months at 19,888.95 points. The Sensex had closed at 19,894.98 points on Jan 31.

On Wednesday, the Sensex, which opened in the positive at 19,950.22 points, was trading at 19,868.61 points in the afternoon session, down 20.34 points or 0.10 percent from its previous day close at 19,888.95 points.

The Sensex touched a high of 19,989.64 points and low of 19,851.22 points in the intra-day trade.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was trading 0.17 percent or 10.25 points down at 6,033.30 points.

There was heavy selling pressure in capital goods, banks, automobile, metal and realty stocks.

The BSE capital goods index was down 145.14 points, bank index was down 101.22, followed by automobile index down 43.94 points, metals index down 42.77 points and realty index down 12.89 points.

However, the FMCG index up 25.94 points.

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