Sensex trades flat; IT stocks down


Mumbai, June 4 (IANS): A benchmark index of Indian equities markets was trading flat in the post-afternoon session Wednesday, as information technology (IT), technology, entertainment and media (TECK) and oil and gas stocks came under sustained selling pressure.

However, automobile, bank and capital goods sectors rallied. 

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 24,909.03 points, was trading at 24,844.38 points around 1.30 p.m., down 14.21 points or 0.06 percent from the previous day's close at 24,858.59 points.

The Sensex touched a high of 24,925.90 points and a low of 24,778.79 points in trade.

The S&P BSE automobile index gained 155.29 points, followed by bank index which was up 108.72 points, capital goods index increased by 106.39 points, consumer durables index was higher by 99.90 points and metal index surged 57.87 points. 

However, IT index dropped by 127.58 points, oil and gas index was down 54.61 points and TECK index was lower by 54.47 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat -- down 3.15 points or 0.04 percent at 7,412.70 points.
  

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Title: Sensex trades flat; IT stocks down



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