BSE Sensex trades lower in volatile trade, down 12 points

Mar 03 2014, 12:42 IST
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Indian economy grew below expectations at 4.7 per cent in the October-December quarter. (AP) Indian economy grew below expectations at 4.7 per cent in the October-December quarter. (AP)
SummaryIndian economy grew below expectations at 4.7 per cent in the October-December quarter.

The BSE Sensex saw intense volatility amid bouts of selling in capital goods, power, auto and oil & gas sector stocks on weak Asian cues and was trading lower by 11.51 points during late morning trade today.

The 30-share index resumed lower at 21,079.27 points, later rose to 21,140.00 on buying in banks and realty sector stocks and was trading at 21,108.61, lower by 11.51 points, or 0.05 per cent, at 1040 hours.

The NSE Niftywas also trading flat by 1.70 points, or 0.03 per cent higher, at 6,275.25 during the period.

Major losers were Dr Reddys Laboratories (1.64 per cent), Larsen & Toubro (1.51 per cent), Oil & Natural Gas Corpn (1.27 per cent), Bajaj Auto (1.23 per cent) and SSTL (1.18 per cent).

Asian stocks fell amid escalating geopolitical tension over Ukraine and the slower manufacturing in China.

Key benchmark indices in Hong Kong, Singapore, China, Japan and South Korea fell by 0.71-1.75 per cent.

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