Sensex moves in narrow range; hovering around 19,450
Mumbai: Erasing early gains, the BSE benchmark Sensex on Wednesday fell by 13 points to 19,426.48 in the late morning trade on mild selling pressure mainly in metal, auto, refinery and realty sectors despite buying in consumer durables, IT and banking sectors.
The 30-share index resumed higher at 19,482.66 and firmed up further to 19,505.93 on persistent buying on the back of higher global cues.
However, it declined afterwards to 19,423.34 before quoting at 19,426.48 at 1015hrs, showing a loss of 13 points or 0.07 percent from its last close.
However, the NSE 50-share Nifty inched up by 2.25 points, or 0.04 percent, to 5,861.25 at 1015 hrs.
Most Asian stocks rose in their early trade after an improved economic outlook clinched a fourth day of improvement for US equities yesterday.
Key benchmark indices in China, Hong Kong, Singapore, Japan, and Taiwan rose by 0.09 per cent to 1.01 per cente and South Korea's Kospi declined 0.16 percent.
The US Dow Jones Industrial Average ended 0.50 percent higher yesterday.