Sensex trades flat, metal and realty stocks down

Mumbai, May 10 (IANS) A benchmark index of the Indian equities markets was trading flat in afternoon trade Friday.

The sober sentiments set in after negative international cues and data which showed that India’s industrial output grew by 2.5 percent in March 2013.

There was heavy selling pressure in metal, realty and fast moving consumer goods (FMCG)stocks while stocks like consumer durables, automobile, bank, public sector undertaking (PSUs) and oil and oil gas rallied.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the red at 19,911.08 points, was trading at 19,963.35 points in afternoon session, up 24.31 points or 0.12 percent from its previous day close at 19,939.04 points.

Sensex touched a high of 20,039.35 points and low of 19,908.80 points in the intra-day trade.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was also trading flat 0.10 points down at 6,050.25 points.

India’s industrial output grew by 2.5 percent in March 2013, as against a contraction of 2.8 percent in the corresponding month of 2012, government data showed.

According to data released by the Central Statistical Office (CSO), the index of industrial production (IIP) logged a meagre 0.6 percent growth year-on-year in February 2013. IIP grew by 2.4 percent in January, 2013.

There was heavy selling pressure in metal, realty and fast moving consumer goods (FMCG)stocks.

The BSE metal index was down 26.50 points, realty index was down 4.46 points, followed by FMCG index down 3.34 points.

While stocks like consumer durables, automobile, bank, public sector undertaking (PSUs) and oil and oil gas rallied.

The automobile index was up 170.21 points followed by consumer durables index up 125.79 points, bank index up 45.55 points, PSU index was trading 31.32 points higher and oil and gas index was up 27.57 percent.

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