Markets are trading lower; Sensex, Nifty fall
Mumbai, Dec 26: The markets are trading lower with some volatility. A decline in advance tax numbers could be one of the reasons for the markets slipping into red. advance tax mop-up for the third quarter declined by 22.4 per cent at Rs 42,600 crore and while the advance tax for the nine-month period of April-December fell by 2.58 per cent at Rs 1,13,000 crore versus Rs 1,16,000 crore (YoY). Metal, capital goods, banking, technology and select oil and power stocks are under pressure.
The
Nifty
broke
the
2,900
mark
and
is
hovering
around
the
same
level;
it
lost
25
points
at
2,891.
The
30-share
BSE
Sensex
fell
97
points
to
9,471
at
1:58
hours
IST.
2.22
PM
Midcap, small cap indices trading higher
The benchmark indices are trading higher with some volatility. Buying is seen in Reliance Industries, Reliance petroleum as well as shares of capital goods, realty, banking, metal, power and auto companies. Midcap and small cap stocks are also on buyers' radar.
The
Sensex
rose
97
points
to
9,665
and
the
Nifty
gained
29
points
at
2,946,
at
10:51
hours
IST.
BSE
Midcap
index
rose
1.5
per
cent
and
Small
cap
Index
up
0.85
per
cent.
11.34
AM
Markets
open
positive
amid
slight
volatility
The markets have bounced back on the first day of Jan series, but there is some volatility. Buying is seen in oil exploration, capital goods, banking, metal and realty stocks.
At 9.56 am, the Sensex rose 83 points to 9,652 and the Nifty gained 25 points at 2,941. CNX Midcap 100 went up 0.77 per cent to 3,661. Market breadth is positive; about 348 shares have advanced while 139 shares have declined.
Satyam, Unitech, Suzlon Energy, HDFC, HDFC Bank, ICICI Bank, SAIL, Hindalco, BHEL, Tata Motors, Reliance Infrastructure and SBI are gainers in early trade.
Reliance
Petroleum
shot
up
11
per
cent,
as
the
company
commissioned
29
million
tonnes
Jamnagar
refinery
and
will
attain
full
capacity
shortly.
Reliance
Industries
also
went
up
1.4
per
cent.
10.23
AM
OneIndia News (With inputs from Agencies)