Sensex sheds 116 points; metal stocks tank

Mumbai, July 11 (IANS) A benchmark index of Indian equities markets was trading 116.21 points or 0.46 percent down Friday as metal stocks tanked.

Good buying was observed in healthcare, IT and fast moving consumer goods (FMCG) sectors; while selling pressure was observed in metal, oil and gas, capital goods and banking sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,488.86 points, was trading at 25,256.54 points (at 12.13 p.m.), down 116.21 points or 0.46 percent from the previous day's close at 25,372.75 points.

The Sensex touched a high of 25,548.33 points and a low of 25,188.63 points in trade.

The Sensex gained over 114.10 points or 0.45 percent in the early session. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat 42.30 points or 0.56 percent down at 7,525.45 points.