Sensex closed below 11k, Nifty below 3400
Mumbai, Apr 15: The Sensex closed below the 11,000 mark while the Nifty slipped below the 3400 mark. Broader indices have outperformed for the eighth day. However, Inflation did not influence the markets.
Reliance Industries, ONGC, DLF, Bharti, SAIL, L&T, Reliance Communication, SBI, Tata Motors, BHEL and ICICI Bank were active in this fall.
Infrastructure, rate sensitives, commodities and telecom stocks saw huge selling pressure.
The 30-share BSE Sensex closed at 10,947.40, down 2.99 per cent, after hitting day's low of 10,900.47. The 50-share NSE Nifty touched today's low of 3354.20, before closing at 3369.50, down 3.29per cent.
While Suzlon Energy fell 18.68 per cent; Tata Motors, Reliance Infrastructure, DLF, Tata Steel, Unitech and Cairn India slipped 8-14 per cent, among the frontliners.
The
BSE
Midcap
Index
closed
at
3,438.73,
down
163.16
points
or
4.53
per
cent.
The
Smallcap
Index
slipped
4.72%
or
194.46
points,
to
settle
at
3,928.99.
Due
to
the
fall
in
indices,
the
market
breadth
was
in
favour
of
declines.
About
1054
shares
advanced,
1941
shares
declined
and
100
shares
remained
unchanged.
4:20
PM
Sensex
fell
306
pnts,
Nifty
trading
below
3400
At
1:12
PM
Nifty
was
trading
below
3400,
which
was
down
100
points,
to
3,388
and
the
Sensex
fell
306
points,
to
10,978.
The
broader
indices
were
experiencing
selling
pressure.
Volatility
is
not
out
yet.
BSE
Midcap
and
Small
Cap
indices
fell
over
1
per
cent.
The gainers among the frontliners were ITC, Wipro, HUL, Unitech, Sun Pharma, Maruti, BPCL and PNB. However, Tata Motors slipped 11 per cent, Cairn India, Suzlon Energy, Ranbaxy Labs, Tata Steel and Idea Cellular were down 5 to 7.4 per cent. Ambuja Cements, L&T, DLF, Axis Bank, Hindalco, ONGC, Reliance Industries, Reliance Petroleum, M&M, Sterlite and Reliance Infrastructure dipped 3 to 4.7 per cent.
India Infoline, Nagarjuna Construction, HMT, Deccan Chronicle and Dish TV India fell 9.5 to 12 per cent among the midcaps. And the midcaps that went up were Shriram Transport Finance was up 15% and Jai Corp gained 10%. Redington, Amtek Auto and Aurobindo Pharma with a rate of around 6 per cent.
In the small caps space, Titagarh Wagons, Mukand, ITI, ABG Shipyard and Kalyani Steels lost 9.5 to 10 per cent. Eveready Industries, Supreme Industries, Network 18 and Alkali Metals went up 8.5 to 10 per cent
Gitanjanli Gems is still seeing an increase with the surge of 24.55 per cent.
The
Market
breadth
was
negative
with
about
1334
shares
advanced,
1638
shares
declined
and
123
shares
unchanged.
1:30
PM
Mrkts
slump,
broader
indices
slip
to
red
At
11:36
AM,
the
Sensex
was
trading
at
11,122,
down
162
points
and
the
Nifty
was
trading
at
3,441,
down
42
points.
Markets
face
a
decline
by
81
points
and
the
broader
indices
slip
to
the
red.
Shares of oil & gas exploration, banking, capital goods, power companies, and stocks like Infosys, Tata Motors, Tata Steel, NTPC, Tata Power and Ambuja Cements slumpped.
Buying carried in shares of FMCG, oil marketing companies, and in stocks like Bharti, Unitech, Sun Pharma, SAIL, Maruti, Grasim and Reliance Capital.
As Cairn India, Reliance Petroleum, Reliance Industries and ONGC fell 2.5-5.5 per cent, the BSE Oil & Gas Index came down 2 per cent.
The BSE IT Index slipped 1.8per cent as Infosys, Wipro, HCL Tech and TCS lost 1-2.6 per cent.
Decline of 1.3-3.4 per cent was seen in Capital Goods stocks like Punj Lloyd, L&T and BHEL . In the banking arena, Axis Bank, HDFC Bank, ICICI Bank and SBI fell 1-2.4 per cent.
Among those active on the markets were Reliance Capital, Reliance Industries, Unitech, Reliance Infrastructure, RNRL, ICICI Bank and SBI.
1602
shares
advanced
while
1367
shares
declined,
and
126
shares
were
unchanged.
The
market
breadth
was
in
favour
of
advances.
12:00
PM
Mrkts
open
positive,
broader
indices
outperform
At
9:57
AM,
the
Sensex
was
trading
at
11,332,
up
48
points
and
the
Nifty
was
trading
at
3,500,
up
15
points.
The
CNX
Midcap
went
up
73
points,
to
4,031.
About
622
shares
advanced
while
76
shares
declined
on
the
NSE.
Supported by the positive Asian markets, the markets opened on positive note and was trading higher amid volatility. Broader indices continue to outperform the benchmark indices.
The gainers among the frontliners were Hindalco, Nalco, Suzlon, Unitech, Reliance Communication, HCL Tech, SAIL, Reliance Capital and ACC. Reliance Industries, Ranbaxy Labs, Cipla, Infosys, Tata Communication, ONGC, Tata Motors and Tata Steel were the losers.
Gitanjali Gems leaped 22 per cent due to the buyback news.
SPARC,
HCC,
IRB
Infra,
GVK
Power,
Ansal
Properties,
Essar
Oil,
Hindustan
Motors
and
Amara
Raja
Batteries
went
up
7-20
per
cent.
However,
Akruti
City
was
stayed
at
5
per
cent.
10:30
AM