Sensex Back In Green; Surges 62 Points
The 30-share index Sensex came back to positive terrain in noon trade after a feeble morning session as other Asian markets tumbled over lower consumer confidence data from the US.
The Sensex, which belled the day at 17,476.85, gained 62.07 points at 17,596.16 as against its previous closure at 17,534.09.
At the National Stock Exchange (NSE), Nifty was ruling 0.35% up at 5,274.55 as compared to its last closure at 5,256.15.
Broader markets indices remained flat with the BSE midcap index trading 0.07 up and the BSE smallcap index 0.21% higher.
IT and telecom stocks saw selling pressure, whereas oil and gas and FMCG shares witnessed some buying.
The overall market breadth was tilted towards the positive, with 1,432 advancements as against 1,308 declinations.
Asian markets remained in the red zone, tracking the selling spree in US markets over the fall of a key consumer confidence indicator in June.
The Japanese Nikkei closed the shop at a 7-month low, at 9,382.64 points, 1.96% down than its earlier close.
Hong Kong's Hang Seng slipped 0.77% at 20,093.76, whereas the Chinese Shanghai composite index was in the negative at 2,398.37, down 1.18%.
The South Korean Kospi ended lower at 1,698.29, down 0.55%. (With Inputs from Agencies)