Indices end flat; banking tumbles
Mumbai, Feb 18: Mumbai, Feb 18: Markets ended on flat note, so the Indian equities did not see any major fall as witnessed by the global markets. The 30-share BSE Sensex closed at 9,015.18 points, down 19.82 points or 0.22 pc, after swinging 191.61 points between an intraday high of 9,113.92 and low of 8,922.31. However, the 50-share NSE Nifty swung nearly 70 points between a high of 2806.50 and low of 2736.65, before closing at 2776.15, up 0.20 pc or 5.65 points.
The
banking
stocks
remained
under
pressure
throughout
the
day.
ONGC,
TCS,
Reliance
Infrastructure,
L&T
and
M&M
also
were
pressurised.
04:43
PM
Markets continue to be volatile
Market continues to be volatile. The Sensex was trading at 9,048, up 13 points and the Nifty was at 2,782, up 12 points, at 10:44 hours IST. BSE Midcap and Small cap indices are flat.
While
the
oil
&
gas,
telecom
and
technology
stocks
are
helping
the
markets,
banking,
capital
goods
and
real
estate
stocks
are
adding
pressure.
11:47
AM
Markets open red, trading volatile
Mumbai, Feb 18: The markets opened in red for the third consecutive day and benchmark indices slipped in the early trade, but soon recovered and are trading volatile. At 9:56 am, the Bombay Stock Exchange's Sensex was trading at 9,011 down 23 points and the National Stock Exchange's Nifty was at 2,768 down 2 points. CNX Midcap fell 29 points, to 3,282.
The stocks which are supporting the indices are PNB, ICICI Bank, Tata Steel, DLF, Hindalco, Wipro, HDFC, Unitech, Maruti, M&M, NTPC, L&T, SBI, Tata Communication and SAIL are losers. However, Idea, BPCL, Ambuja Cements, TCS and Reliance Industries.
Asian markets too are trading lower, Shanghai tanked 2.73 pc, while Nikkei and Kospi fell 1.15 pc-1.4 pc.
The
US
markets
tumbled
to
three
months
low
fearing
that
the
government's
stimulus
package
won't
be
sufficient
to
curb
the
deepening
economic
crisis.
10:05
AM
OneIndia News