Markets end lower amid extreme volatility

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Mumbai, Apr 21: The 30-share BSE Sensex closed 81.39 points or 0.74 per cent lower at 10,898.11, after hitting an intraday high of 11,068.82 and low of 10,764.08. The 50-share NSE Nifty was down 0.35 per cent or 11.80 points, to settle at 3,365.30; it touched a high/low of 3,414.70 and 3,309.35, respectively.

The benchmark indices ended on a negative note. The Indian stock markets saw a volatile session throughout the day. Banking, capital goods, technology, metal, auto and select power companies saw sell-off.However, telecom, FMCG sectors and stocks like DLF, HDFC Bank, Sun Pharma, SAIL, Hindalco, Tata Power and Grasim witnessed buying interest. Reliance Industries, ONGC and NTPC played a key role in Tuesday, Apr 21's volatility.
05:00 PM

Mkts choppy with a negative bias

At 2: 19 PM, the Sensex was down 67.80 points or 0.62 per cent at 10911.70, and the Nifty was down 5.60 points or 0.17 per cent at 3371.50. Markets were experiencing choppy trade with negative bias.

FMGC, realty, telecom stocks saw buying interest. Banks, auto, capital goods and metal stocks saw selling pressure.
Sensex was supported by stocks like ITC, Bharti Airtel, HDFC Bank, ONGC and BHEL. Reliancem Infosysm L&T, ICICI Bank and HDFC proved to be the major draggers.

The top gainers were Bharti Airtel at Rs 726.95 up 5.54 per cent, DLF at Rs 240.50 up 4.20 per cent, Sun Pharma at Rs 1,225 up 3.59 per cent, ITC at Rs 189.90 up 3.09 per cent and Hindalco at Rs 54.75 up 2.24 per cent.

The top losers were Tata Motors at Rs 233.50 going down by 5.12 per cent, Tata Steel at Rs 250.70 down 4.62 per cent and ICICI Bank at Rs 409.80 down 3.93 per cent, Sterlite Ind at Rs 388 down 2.83 per cent and Reliance Infra at Rs 678.10 down 2.71 per cent.

The market breadth was negative. About 1434 shares advanced while 1524 shares were declined, and 139 shares remained unchanged.
2:58 PM

Mrkts continue trading lower amid volatility
At 10:47 AM, the Sensex was trading at 10,848, down 131 points and the Nifty was down 30 points, to 3,347. The markets were trading lower amid volatility.

The selling was seen in shares of oil & gas, financial, capital goods, realty, select metal and power companies. The indices were supported by Bharti, ITC, NTPC, Wipro, TCS, SAIL, Grasim, Hindalco and Tata Power .

Broader indices - BSE Midcap Index fell 1% and Smallcap Index lost 0.7per cent.

ICICI Bank, Sterlite, Reliance Infrastructure, SBI, Jaiprakash Associates, Suzlon Energy, Unitech and Axis Bank were among the frontline which went down 3 to 5.5 per cent.

BSE Bankex slipped over 3 per cent, ahead of RBI's Credit Policy. ICICI Bank and Axis Bank fell over 4.6 per cent. SBI and HDFC Bank slipped 1.6-2.7 per cent.

Realty and Capital Goods indices declined 2 per cent each. Healthcare, Metal, Power and Auto indices slipped by 1 per cent.

The market breadth was negative. About 1316 shares advanced while 1631 shares declined and nearly 150 shares were unchanged.

Asian markets were trading lower.
12:00 PM

Mkts open low due to negative global cues
At 9:56 AM, the Sensex was trading at 10,852, down 127 points and the Nifty fell 34 points, to 3,343. The CNX Midcap fell 51 points, to 3,876. Markets open low due to the negative global cues.

Metal, capital goods, banking and realty stocks saw pressure

The losers among the frontliners were Suzlon, DLF, ICICI Bank, Axis Bank, Tata Steel, Sterlite, L&T, BHEL, HDFC Bank, Unitech, Cipla, Tata Motors and ONGC.

The gainers were BPCL and TCS which went up by 2.5 per cent.

In the Midcap and small cap arena, GHCL slipped 14 per cent, as the market regulator SEBI barred promoters from stock trading, Polaris was up 2.5 per cent on good guidance. However, Rolta, Kotak Mahindra Bank, Mercator Lines, Gujarat NRE Coke, RNRL and Punj Lloyd fell 2 to 5 per cent.

The Asian markets receded and the US markets have slipped to the red due to the biggest drop in financial shares in three months.
10:25 AM

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