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Sensex trades flat; banking stocks plunge


Mumbai, Oct 1 :

A benchmark index of Indian equities markets Wednesday was trading flat at 22.07 points or 0.08 percent down as banking stocks dropped.stock_exchange sensex

Good buying was observed in IT and technology, media and entertainment (TECK) sectors, while selling pressure was seen in banking and oil and gas sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,681.47 points, was trading at 26,608.44 points (at 09.48 a.m.) in the early session, down 22.07 points or 0.08 percent from the previous day’s close at 26,630.51 points.

The Sensex touched a high of 26,683.70 points and a low of 26,587.15 points in the trade so far.

The S&P IT index surged by 163.23 points and TECK index moved up by 70.49 points; while bankex plunged by 114.36 points and oil and gas index fell by 75.27 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat at 1.05 points or 0.01 percent up at 7,965.85 points.