Mumbai, Apr 22: The 30-share BSE Sensex closed at 10,817.54, down 0.74% or 80.57 points. The 50-share NSE Nifty shut shop at 3330.30, down 1.04% or 35 points. Markets were volatile through the day and both the indices were under pressure.
Selling pressure was seen in Capital goods, telecom, realty, metal, pharma, select power and banking stocks and individual stocks like ONGC and HCL Tech. However, the losses were capped by the buying in Reliance Industries, Wipro, Infosys, Suzlon, ITC, ACC, ICICI Bank and Ambuja Cements.
The sell-off was led by ONGC, BHEL, L&T, DLF, SBI, Bharti Airtel, Sterlite, Maruti, Reliance Communication, Sun Pharma, SAIL, Tata Power and ABB.
Broader indices underperformed the benchmark indices. BSE Midcap Index fell 40.36 points or 1.15 per cent, to 3,482.78 and Smallcap Index slipped 65.30 points or 1.62 per cent, to settle at 3,962.68.
Total traded turnover stood at Rs 89,225.17 cr. This includes Rs 13,562.69 crore from NSE cash segment, Rs 70,645.94 crore from NSE F&O and the balance Rs 5,016.54 crore from BSE cash segment.
Mrkts still volatile, Reliance, 3i infotech slip
At 1:22 PM the Sensex was trading at 10,767, down 130 points and the Nifty was down 50 points, to 3,314. BSE Midcap and Smallcap indices slipped 1.3 to 2 percent. The market continues to experience volatility.
Relaty, capital goods, power, auto, pharma, metal and banking stocks were under pressure.
ONGC, Bharti, BHEL, SBI, DLF, Maruti, L&T, Sun Pharma, Sterlite, HDFC, SAIL and Axis Bank, Tata Power, HDFC Bank and Ranbaxy Labs were active on market.
BSE Reality index went down over 4 per cent and Capital Goods, Auto, Power, Healthcare, Metal, Bank and Oil & Gas indices fell 1 to 2 per cent.
In the midcap stocks, UTV Software, Rolta, Puravankara Projects, TV18 and HOEC declined 9 to 13 percent.
In the small cap arena, Reliance Industrial Infrastructure, SREI Infra, Noida Toll, 3i Infotech and NIIT slipped 11 to 15 per cent.
The market breadth was in favour of the declines. About 1238 shares advanced while 1714 shares declined and nearly 148 shares remained unchanged.
Mrkts volatile, Wipro, ICICI see buying interest
At 11: 37 AM the Sensex was trading at 10,945, up 47 points and the Nifty was up just 2 points, to 3,367 and the markets are volatile. BSE Midcap Index was up over 1 per cent and Smallcap Index gained 0.6 per cent.
Buying interest was seen in Reliance Industries, Wipro, Reliance Communications, ICICI Bank, DLF, HDFC, Infosys, ITC, Reliance Infrastructure, L&T, ACC, Ambuja Cements, Tata Steel and Tata Motors. And ONGC, NTPC, Bharti, BHEL, Sun Pharma, Maruti, HCL Tech, SAIL, Tata Power, Sterlite, Grasim, Unitech and Siemens experienced pressure.
Motherson Sumi, Reliance Industries, Reliance Capital, Reliance Infrastructure, Educomp Solutions, ICICI Bank and Suzlon Energy were leading the counters.
Mrkts trading higher with choppiness
At 9:58 AM, the Sensex was trading at 10,955, up 56 points and the Nifty was up 7 points, to 3,372. The CNX Midcap 100 rose 50 points, to 3,937. The bench mark indices were trading marginally higher with some choppiness.
Markets were being supported by banking, realty, select metal and capital goods stocks.
The gainers among the frontliners were Wipro, Axis Bank, ICICI Bank, PNB, SBI, Tata Motors, Tata Steel, Suzlon, Unitech, DLF, L&T and Punj Lloyd and Sun Pharma was among the losers.
Wipro gained 2 per cent, on the company Q4 numbers. However, HCL Technologies went down 8.5 per cent post earnings and Rolta fell 1 per cent after its Q4 numbers.
In the midcap and small cap space, Mangalore Chemical, Nagarjuna Fertilisers, RCF, Era Infra and Voltas gained 2 to 5 per cent; but 3i Infotech, Alok Industries, Gateway Distriparks, NIIT and S Kumars Nationwide will be excluded from F&O, all these stocks were down.