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Jul 12, 2012, 08.23 AM IST

Sensex range-bound; blue chips hit

SENSEX-RANGE-BOUND:Sensex range-bound; blue chips hit

Source: Reuters
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14:36
Reuters Market Eye - The Sensex gains 0.13 percent, while Nifty adds 0.2 percent, marking a third straight session of in-range trading.


Sensex range-bound; blue chips hit
Shares see some profit-booking and consolidation after a 7.5 percent rise in the BSE index in June.


Falls in European equities, a spike in Brent crude prices, and worries about below-average rainfalls during the monsoon season, impacting the farming sector and hence food prices, also weigh, traders say.


Banks such as State Bank of India gain, but other blue chips lead decliners: Reliance Industries falls 0.4 percent, while Infosys falls 0.4 percent.


(abhishek.vishnoi@thomsonreuters.com)


14:00
Nifty in tight range; Jindal Steel, Sterlite rally 4%
The BSE Sensex and NSE Nifty were consistently moving around their previous closing values. The market has been consolidating for third consecutive session today due to lack of domestic and global cues.

Read More »

12:58
Choppy Sensex erases early gains; Rupee falls 26 paiseRead More »
The 50-share NSE Nifty erased early gains amid volatility due to further fall in technology, oil & gas and FMCG stocks. However, the buying interest in metals, banks and auto stocks remained supportive.

Read More »

11:35
Volatile Sensex flat; technology, oil & gas stocks downRead More »
The BSE Sensex and NSE Nifty remained lacklustre for third consecutive session today due to lack of global and domestic cues. In actual, globally every market is waiting for the ECB meet scheduled for July 5 as investors expect some policy action to ease ongoing Eurozone debt crisis

Read More »

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