BSE Sensex fails to hold 20,000-level

BSE Sensex fails to hold 20,000-level Mumbai: The BSE benchmark Sensex went down by 10 points in early trade Thursday on slight bouts of profit-taking in capital goods, banking, metal and healthcare sectors despite buying in IT and FMCG sectors.

The BSE-30 share index, Sensex, resumed higher at 20,015.86 points and firmed up further to 20,058.48 on buying in select counters on the back of firm Asian cues.

However, it declined afterwards to 19,948.45 before quoting 19,980.06 points at 1030 hours.

It showed a loss of 10.12 points or 0.05 percent from its last close.

The NSE 50-share barometer Nifty also moved down by 5.55 points, or 0.09 percent, quoting 6,063.75 at 1030 hours.

Major losers were - Sun pharma (1.55 percent), followed by Larsen (1.10 percent), Tata Motors (1.08 percent), Coal India (0.90 percent) and ICICI Bank (0.86 percent).

However, TCS firmed up by 1.45 percent, Wipro (1.02 percent), Hero Motocorp (1.01 percent), HDFC (0.89 percent) and Bajaj Auto (0.79 percent).

Foreign institutional investors (FIIs) bought shares worth a net Rs 976.99 crore yesterday, as per provisional data from the stock exchanges.

Most Asian markets rose in early trade with South Korean stocks jumping after a surprise rate cut by the nation's central bank, while an improved earnings outlook spurred Japanese shares.

Key indices in Japan, Taiwan, South Korea and Singapore rose by 0.3 to 0.76 percent, while stocks in China and Hong Kong fell by 0.27 to 0.65 percent.

PTI