Sensex ends marginally lower
Mumbai, Jan 19: Benchmarks ended lacklustre session mixed on Monday, Jan 19 due to lack of direction and as investors chose to wait before Barrack Obama"s swears in as the next US President.
Bombay Stock Exchange's Sensex ended marginally lower at 9302.03, down 21.56 points or 0.23 per cent. The index touched an intra-day high of 9409.51 and low of 9273.47 in trade so far.
National Stock Exchange's Nifty closed 2837.60, up 0.32 per cent or 9.15 points. The broader index hit a high of 2868.20 and low of 2819.90.
Second rung stocks outperformed the benchmarks. BSE Midcap Index ended 0.51 per cent and BSE Smallcap Index moved 1.20 per cent higher.
Biggest Sensex gainers were Jaiprakash Associates (4.08 per cent), Sterlite Industries (3.38 per cent), ONGC (3.17 per cent), Bharti Airtel (1.92 per cent) and Tata Steel (1.4 per cent).
Mahindra
&
Mahindra
(-5.89
per
cent),
Maruti
Suzuki
(-3.23
per
cent),
ICICI
Bank
(-2.69
per
cent),
Wipro
(-2.17
per
cent)
and
Tata
Motors
(-1.89
per
cent)
were
the
losers.
5.11
PM
Trade choppy; oil & gas stocks trading higher
Trade remained choppy as concerns about slowing earnings growth and rising foreign fund outflows dominated sentiment. Metals and oil & gas stocks edged higher while realty and technology were trading higher.
At 1.50 pm, Bombay Stock Exchange's (BSE) Sensex was at 9,324.12, up 0.53 points or 0.01 per cent. The index touched a high of 9381.78 and low of 9273.47
National Stock Exchange's (NSE) Nifty was at 2851.40, up 22.95 points or 0.81 per cent. The index touched a high of 2851.95 and low of 2819.90 in trade so far.
BSE
Midcap
Index
was
up
0.4
per
cent
and
BSE
Smallcap
Index
gained
0.99
per
cent.
2.50
PM
Obama's swearing-in affects Indian markets
At 10.13 am, Bombay Stock Exchange's (BSE) Sensex was at 9340.58, up 16.99 points or 0.18 per cent. The 30-share index hit an intra-day high of 9381.78 and low of 9305.30.
National Stock Exchange's (NSE) Nifty was at 2833.55, up 5.1 points or 0.18 per cent. The index touched a high of 2845.85 and low of 2822.35 in trade so far. Equities opened flat on Monday, Jan 19 as investors adopted wait and watch strategy ahead of Barrack Obama's swearing in as US President. Global markets are expected to take cues from the inaugural speech by the new President on Tuesday, Jan 20.
"As
for
the
week,
Nifty
now
faces
a
strong
hurdle
around
2940-2950
range
and
then
at
3150-3200
range.
Support
on
daily
chart
is
now
at
2700
levels
and
then
far
lower
around
2600
levels.
All
in
all,
we
expect
Nifty
observing
its
ranged
action
with
bouts
of
profit-booking
till
it
does
not
cross
its
previously
mentioned
acid-test
range
of
3150-3200
with
higher
volumes.
Extreme
caution
is
warranted
at
higher
levels," said
weekly
report
by
Reliance
Money.
11.53
AM
Markets open low; Siemens, Rel among gainers
The benchmark indices have opened flat and immediately started trading low. Sterlite, Unitech, HCL Technologies, ACC, L&T, Jaiprakash Associates, Siemens, Hindalco, Reliance Communications, Ranbaxy Labs, SBI, Sun Pharma, HDFC Bank, ITC and BHEL are gainers in early trade.
However, losers are Maruti, DLF, ICICI Bank, M&M, Infosys, Tata Motors, NTPC, Wipro and HDFC.
At 9.56 am, the Sensex went down 16 points at 9,307 and the Nifty lost 5.75 points at 2,822. However, CNX Midcap gained 21 points at 3,527.
Zenotech Labs plunged over 11 per cent. Daiichi Sankyo has made open offer to the company's shareholders at Rs 113.62 per share.
OneIndia News (With inputs from Agencies)