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Sensex 54 points down in choppy trade

February 15, 2010

A benchmark index for Indian equities was 54 points in the red after more than two hours of volatile trading Monday.

At 11.19 a.m., the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,186.9 points, was at 16,099.3 points, down 53.29 points or 0.33 percent from its previous close.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 4,804.95 points, against the previous close at 4,826.85 points, a loss of 0.45 percent or 21.9 points.

Broader markets were mixed, with the BSE midcap index down 0.02 percent and the BSE small cap index trading 0.43 percent higher.

Realty, telecom and banking stocks were under selling pressure, while healthcare and auto stocks saw buying interest.

The market breadth was positive, with 1,377 stocks advancing, 1,078 on the decline and 80 remaining unchanged.

Most other Asian markets were in a slump too.

The benchmark Japanese index, Nikkei, was ruling 0.57 percent lower at 10,034.72 points, while the Hang Seng of Hong Kong Stock Exchange was 0.11 percent down at 20,268.69 points.

The South Korean Kospi was trading 0.26 percent lower at 1,593.66. However, the Chinese Shanghai Composite Index was in the green at 3,018.13 points, up 1.09 percent.

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