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Sensex flat after crossing 22,000 mark in early trade

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26SENSEX

The S&P BSE benchmark Sensex breached the 22,000 level for the first time in early trade on Monday on sustained buying mainly in capital goods, banking, oil & gas and power sectors.

The BSE-30 share barometer Sensex resumed lower at 21,819.19 and later bounced back to cross 22,000 mark to 22,005.54. At 1015 hours, it quoted at 21,930, showing a modest gain of 10.21 points or 0.05 per cent.

The NSE 50-share index Nifty also edged up 4.35 points, or 0.07 per cent, to 6,531.00 at 1015 hours.

Major gainers were — BHEL (2.75 pct), RIL (2.65 pct), Bharti Airtel 2.21 pct), L&T (2.09 pct), Axis Bank (1.53 pct), HDFC Bank (1.50 pct) and SBI (1.47 pct).

Foreign institutional investors (FIIs) bought shares worth a net Rs 2,577.44 crore on last Friday, as per provisional data from the stock exchanges.

Asian stocks edged lower in early trade as weaker-than-estimated Chinese trade and inflation data stoked concern over the outlook for the world’s second-largest economy.

Key benchmark indices in South Korea, China, Hong Kong, Taiwan, Singapore and Japan were down 0.37 to 1.68 per cent.

He is a Software Engineer from Moodbidri currently living in Kuwait. He likes to travel and post interesting things about technology. He is the designer of Kannadigaworld.com. You may follow him on FB at fb.com/alanpaladka

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