Nifty closes below 2800; auto, IT decline
Mumbai, Feb 5: Equities ended the lacklustre session in the red. Weak global markets also weighed sentiments. Auto and IT stocks were worst hit while metals and pharmaceutical stocks bucked the trend.
National Stock Exchange"s Nifty shut shop at 2785.70, down 17.35 points or 0.62 per cent. The index hit an intra-day low of 2754.85 and high of 2816.80.
Bombay Stock Exchange"s Sensex ended at 9106.10, down 95.75 points or 1.04 per cent. The index touched a high of 9247.09 and low of 9017.08.
BSE Midcap Index slipped 0.66 per cent and BSE Smallcap Index was down 0.93 per cent.
Biggest
Nifty
gainers
were
SAIL
(4.67
per
cent),
Grasim
Industries
(3.26
per
cent),
Suzlon
Energy
(2.62
per
cent),
Siemens
(2.62
per
cent)
and
Reliance
Petroleum
(2.24
per
cent).
4.10
PM
Sensex
breaches
9100;
Sterlite,
M&M,
Maruti
drag
Selling
intensified
in
frontline
stocks
as
wary
traders
were
reluctant
to
take
long
positions
in
a
directionless
market.
Auto,
capital
goods
and
oil&gas
stocks
were
the
worst
hit
while
metal
space
showed
some
strength.
Decline in inflation failed to lift market sentiment. Inflation for the week ended January 24 fell to 5.07 against 5.64 per cent a week ago At 1 pm, Bombay Stock Exchange"s Sensex was at 9070.55, down 131.30 points or 1.43 per cent. The index touched an intra-day low of 9069.64 and high of 9247.09.
National Stock Exchange"s Nifty was at 2766.30, down 1.31 per cent or 36.75 points. The broader index touched a low of 2764.75 and high of 2816.80.
Broader markets remained lacklustre. BSE Midcap Index was down 0.51 per cent and BSE Smallcap Index slipped 0.57 per cent.
Amongst
sectoral
indices,
BSE
Auto
Index
was
down
2.16
per
cent,
BSE
Realty
Index
fell
1.92
per
cent
and
BSE
IT
Index
tripped
1.74
per
cent.
BSE
Metal
Index
bucked
the
trend
and
was
up
0.49
per
cent.
2.38
PM
Sensex
rangebound;
Realty,
Auto
down
Equities
remained
tepid
on
Thursday
as
market
lacked
participation
and
triggers
to
drive
it
either
way.
There
was
no
clear
direction
from
global
markets
as
the
Asian
markets
were
mixed
and
US
markets
ended
lower.
Sector and stock specific action was seen across the board. Realty shares continued to get battered down ever since industry majors reported poor earnings while metal stocks rose for a straight third session on sentiments that demand slump may have bottomed out
At 10:25 am, Bombay Stock Exchange"s Sensex was at 9184.26, down 17.59 points or 0.19 per cent. The index touched an intra-day low of 9169.63 and high of 9247.09.
National Stock Exchange"s Nifty was at 2806.65, up 3.6 points or 0.13 per cent. The index touched a high of 2816.80 and low of 2800 in trade so far. BSE Metal Index was up 2.18 per cent and BSE FMCG Index edged 0.44 per cent higher. BSE Realty Index fell 1.20 per cent, BSE Auto Index tripped 0.99 per cent and BSE Bankex declined 0.79 per cent.
Tata Steel (4.41 per cent), Grasim Industries (1.24 per cent), Hindalco Industries (1.02 per cent), ITC (0.86 per cent) and HINDustan UNILever (0.58 per cet) were the major Sensex gainers.
Mahindra
&
Mahindra
(-3.22
per
cent),
Tata
Motors
(-3.11
per
cent),
Sterlite
Industries
(-2.09
per
cent),
DLF
(-2.04
per
cent)
and
Jaiprakash
Associates
(-1.15
per
cent)
were
the
top
losers.
11.53
AM
Quiet
start
for
equities;
metals
extend
gains
Stocks opened on a positive note on Thursday, Feb 5 helped by decent gains in metal counters. Realty and auto stocks edged lower.
Bombay Stock Exchange"s 30-share Sensex rose 37 points to 9237. National Stock Exchange"s benchmark Nifty climbed 12 points to 2815.55 from its previous close.
US stocks fell on Wednesday as a grim profit forecast from Kraft Foods signaled that consumers are cutting down even on the basics and investors worried those efforts to rescue banks could wipe out shareholders. A report showing that the vast service sector shrank less than expected in January curbed technology losses, helping the Nasdaq finish marginally lower.
The Dow Jones Industrial Average was down 121.62 points, or 1.51 per cent, to 7,956.74, the Standard & Poor's 500 Index fell 6.34 points, or 0.76 per cent, to 832.17 and The Nasdaq Composite Index slipped 1.25 points, or 0.08 per cent, to 1,515.05.
OneIndia News (With inputs from Agencies)