Indian equities trading flat after record highs
Posted on Aug 20 2014 | IANS
Mumbai, Aug 20 : Indian equities were trading flat Wednesday on account of profit taking after key indices touched record highs during the bull run in the past six successive sessions.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened a tad higher at 26,496.29 points as trading commenced in the morning, but soon slid below the previous day's closing level of 26,420.67 points.
After touching a high of 26,504.52 points, and a low of 26,332.25 points, the key index was ruling at 26,346.70 points, with a loss of 73.97 points, ot 0.28 percent. The small cap and the mid cap shares indices, however, were in the positive territory.
Within the Sensex, tust 10 out of the 30 stocks that go into the basket were trading in the green, led by Cipla and Sun Pharma, both quoting with a gain of over 3 percent and the 20 remaining scrips were in the red, with ONGC at the bottom with a loss of 2.46 percent.