Mumbai, Apr 27: The 30-share BSE Sensex closed 42.80 points or 0.38 per cent higher at 11,371.85. The 50-share NSE Nifty closed at 3470, down 0.31 per cent or 10.75 points. BSE Midcap slipped 0.44 per cent or 15.81 points, to 3,584.28 and Smallcap Index fell 1.01 per cent or 41.12 points, to end at 4,027.14.
The markets closed on a flat note. Both the indices saw volatility throughout the session.
While buying in ICICI Bank, Wipro, TCS, BHEL, Sterlite, L&T, ITC, Axis Bank, Sun Pharma, Maruti and HDFC Bank supported the markets and capped the losses; Power, metal, oil & gas and select telecom stocks, and stocks like SBI, HUL, Infosys, ACC, Ranbaxy, Tata Motors and Hero Honda saw selling pressure.
Market breadth was marginally negative. About 1386 shares advanced while 1595 shares declined and nearly 125 shares unchanged.
The Global cues were weak and the Asian Markets ended lower.
Mkts volatile; SBI, HUL see selling pressure
At 1: 02 PM the Sensex was trading at 11,368, up 39 points while the Nifty was down 5 points, to 3,475. The markets were experiencing volatility.
Shares of power, metal, oil marketing companies as well as in individual stocks like Bharti Airtel, Reliance Communication, SBI, Infosys, HUL, Ranbaxy, Reliance Capital and Siemens saw selling pressure. However, Reliance Industries and ONGC were marginally weak.
Buying continued in ICICI Bank, TCS, BHEl, Sterlite, Sun Pharma, HDFC Bank, Axis Bank, Ambuja Cements, Cipla, Wipro, PNB, DLF, L&T and Idea.
Reliance Power, GVK Power, Reliance Infrastructure, Power Grid Corp, Suzlon Energy, Tata Power, GMR Infra and NTPC fell 1.5 to 4 per cent among the poer stocks.
In metal, SAIL, Sesa Goa, Jindal Saw, JSW Steel, Hindalco, NALCO, Tata Steel and Hindustan Zinc declined 1.4 to 3.6 per cent
Oil & Gas stocks like Cairn India and BPCL fell 2.2 per cent each. Reliance Petroleum, Reliance Industries, ONGC and HPCL slipped 0.5 to 1 per cent.
Advanta, Redington, BGR Energy, Kirloskar Brothers and Federal Bank were up 6 to 10.6 per cent while Indiabulls Real, Deccan Chronicle, Jai Corp, Anant Raj Industries and Praj Industries fell 5 to 11 per cent in the Midcap space.
In small caps, Suashish Diamon, Timken, Sanghi Industries, Mcnally Bharat Engg and Aarti Industries gained 9 to 20 per cent. However, Accentia Techno, PNB Gilts, Micro Inks, Zenith Infotech and Brigade Enterprises declined 7.6 to 9 per cent.
Indices up, buying in realty, capital goods
At 11:25 AM the Sensex was trading at 11,359, up 30 points while the Nifty fell just 3 points, to 3,477. The broader indices went up over 1 per cent.
The markets was supported by the buying in financial, capital goods, cement, realty stocks and in stocks like Idea, Cipla, Sun Pharma, Reliance Capital, Reliance Infrastructure and Suzlon Energy.
The sell-off capping the gains was seen in technology, FMCG, metal, select power stocks as well as in individual stocks like Bharti, ONGC, Maruti, Ranbaxy, Hero Honda, SBI and Siemens.
The BSE Bankex was up 2.5 per cent, the Capital Goods Index went up 2 per cent but the IT Index lost 1 per cent, in the sectoral field.
Advanta, BGR Energy, Kirloskar Brothers, Essar Shipping and BEML went up by 6 to 14 per cent in the midcap stocks.
In the small cap arena, Swaraj Mazda, Mcnally Bharat Engg, Timken, TTK Prestige and Paper Products gained 8 to 11per cent.
The market breadth was in favour of advances due to positive broader indices. About 1779 shares advanced while 1197 shares declined and nearly 130 shares were unchanged.
Mkts open low on weak cues from Asian mrkts
At 9:57 AM, the Sensex was trading at 11,195, down 133 points and the Nifty fell 41 points, to 3,439. The CNX Midcap Index was flat at 3,966.
The markets opened lower due to weak numbers from the large cap stocks like ICICI Bank, Ranbaxy Labs and profit booking in oil & gas, power, auto and select technology and financial stocks.
The gainers among the frontliners were DLF, Axis Bank, ICICI Bank, Ranbaxy Labs, HCL Tech, Maruti, Unitech, SBI, Tata Motors, HDFC, Reliance Capital , Reliance Power, Reliance Infrastructure, Tata Power, Wipro and Infosys.
As a result of good earnings Cipla and Idea Cellular gained 1 to 2 per cent.
In the Midcap and Small cap sapce, HCC, GMR Infra, IVRCL Infra, Wockhardt, Ballarpur Industries and Raymond were the losers; while Birla Power, Orchid Chem, Aban Offshore, Petronet LNG, Strides Arcolab and United Phosphorous gained.
Posting good numbers give 3i Infotech a boost of 8 per cent.
The Asian markets were trading lower which had adverse impact on Indian Markets too.