Sensex closes below 9100; JP Asso, DLF plunge

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Weak start for equities; realty worst hit
Mumbai, Feb 2: Small intra-day recovery in equities was short-lived as traders chose to book profits at higher levels. Realty and metal stocks were the worst performers.

At 1 pm, Bombay Stock Exchange"s Sensex was at 9152.40, down 271.84 points or 2.88 per cent. It touched an intra-day low of 9152.40 and high of 9363.58.

National Stock Exchange"s Nifty was at 2788.05, down 86.75 points. The broader index touched a low of 2787.75 and high of 2873.45.

“Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 2875 level while significant resistance at higher levels (2910) – would limit the upside. The outlook has turned neutral again while resistance comes in at the 3250+ level and support comes in at the 2497 level," said Asit C Mehta note.

BSE Midcap Index was down 0.56 per cent and BSE Smallcap Index slipped 0.54 per cent.

4.51 PM


Sensex slips to day's low; realty, metals drag

Small intra-day recovery in equities was short-lived as traders chose to book profits at higher levels. Realty and metal stocks were the worst performers.

At 1 pm, Bombay Stock Exchange"s Sensex was at 9152.40, down 271.84 points or 2.88 per cent. It touched an intra-day low of 9152.40 and high of 9363.58.

National Stock Exchange"s Nifty was at 2788.05, down 86.75 points. The broader index touched a low of 2787.75 and high of 2873.45.

“Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 2875 level while significant resistance at higher levels (2910) – would limit the upside. The outlook has turned neutral again while resistance comes in at the 3250+ level and support comes in at the 2497 level," said Asit C Mehta note.

BSE Midcap Index was down 0.56 per cent and BSE Smallcap Index slipped 0.54 per cent.


Nifty hovers near 2800; DLF, Unitech fall

Indian equities were under pressure Monday as investors booked profits tracking global markets which were down on concerns of global Sensex economic meltdown. Realty companies, which have been struggling with slowing demand and financial crunch, were beaten down badly on reporting disappointing quarterly numbers.

“For the coming week, indices continue to face hurdle around 3000

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