Indices end flat; banking tumbles

Posted By: Staff
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 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

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