Sensex down more than half percent just before rail budget

Mumbai, Feb 26: A benchmark index for Indian equities markets was trading more than half a percent down in the 11.00 a.m. trade session Tuesday, just before the presentation of the railway budget for 2013-14 in parliament.

Automobile, capital goods and bank scrips declined. However, information technology (IT), fast moving consumer goods (FMCG) and media, entertainment and technology (TECk) stocks rallied.

The 30-scrip Sensex of the Bombay Stock Exchange (BSE), which opened at 19,290.66 points, was ruling at 19,213.48 points, down 118.21 points or 0.61 percent from its previous close at 19,331.69 points.

The Sensex touched an intra-day high of 19,293.49 points and a low of 19,186.02 points.

The midcap index was down 67.32 points, while the smallcap index was lower by 70.79 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was trading lower by 45.15 points or 0.77 percent at 5,809.60 points.

The BSE automobile index was down 166.96 points, the capital goods index was down 137.82 points and the bank index was trading 122.92 points lower. The BSE IT index was up 40.57 points, followed by FMCG index which was trading high by 37.81 points and the TECk index up 34.68 points.

IANS