Sensex holds 25K amid pressure in mid session

Mumbai: The BSE Sensex erased early gains and was trading down by 10.20 points in mid session following all-round selling seen mainly in Healthcare, Metal, Teck, capital goods, IT, power and oils&gas sectors.

The Sensex resumed higher at 25,302.98 and moved in a range of 25,387.32 and 25,056.80 before quoting 25,191.70 at 1200 hours, down 10.20 points or 0.04 per cent from its last Friday's close.

The 50-share Nifty was also down 12.55 points or 0.16 per cent to 7,642.50 at 1200 hours.

Major losers were, Gail 2.31 per cent, Lupin 1.89 per cent, Coal India 1.80 per cent, BhartiAirtel 1.61 per cent, Axis Bank 1.34 per cent, NTPC 1.22 per cent, Dr Reddy 1.21 per cent and Hindalco 1.08 per cent.

However, HDFC rose 1.96 per cent followed by Tata Motors 1.60 per cent, Cipla 1.36 per cent and Maruti 1.22 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 1287.12 crores last Friday, as per provisional data released by the stock exchanges.

In overseas markets, Asian stocks reversed early losses as Key indices in China, Hong Kong, Japan and South Korea were up 0.01 per cent to 0.88 per cent, while Singapore and Taiwan were off 0.42 per cent and 0.25 per cent respectively.

The US stocks had skidded on Friday, after the August jobs report failed to give a clear view on the Federal Reserve's interest rates.