Mumbai, May 13: Indian stock markets ended lower after an extreme volatile session throughout the day ahead of the exit polls results announcement on Wednesday, May 16.
The 30-share BSE Sensex shut down at 12,019.65, down 1.14pc or 138.38 points, after seeing a swing of 322 points between an intra day high of 12,256.43 and low of 11,934.44. The 50-share NSE Nifty closed 1.25pc or 45.85 points lower at 3,635.25; it swung 99.4 points between day's high/low of 3709.60 and 3610.20, respectively.
The main reason for markets to remain choppy throughout the day was because people will get some idea that who will be frontrunners for forming a government after the exit poll result announcement in the evening.
Market breadth positive; trading lower
Markets recovered from its days low and were trading marginally lower at noon. The Sensex was down 38.32 points or 0.32 per cent at 12119.71, and the Nifty was down 22.35 points or 0.61 pc at 3658.75, at 13:47 hours IST.
Reliance Industries, Infosys Technologies and ICICI Bank were major players pulling Sensex down. While Bharti Airtel, HDFC and BHEL were positive contributors. The market breadth was positive, about 1418 shares advanced while 1186 shares declined. Nearly 513 shares were unchanged.
Markets extend losses
The 50-share NSE Nifty was trading at 3,624, down 56 points and the Sensex fell 186 points, to 11,971, at 12:55 hours IST. Broader indices were flat. Markets extended losses and lost nearly half of its previous gains, ahead of election results on Saturday, May 9.
Profit booking was seen in banking, technology, oil & gas exploration, infrastructure and metal companies" shares. However, there was some support from stocks like HDFC, DLF, ACC, Grasim, Hindalco, Bharti and Siemens.
Markets open weak, trading choppy
Markets open weak, trading choppyAfter a smart show on Tuesday, May 12, markets opened in red on Wednesday, May 13. Asian markets were also quiet in the trade. At 9:57 am, the Sensex was down 9 points, to 12,148 while the Nifty gained 6 points at 3,687. The CNX Midcap went up just 13 points, to 4,054.
Technology, banking and metal stocks were major losers. The key gainers of the opening trade were Cairn, DLF, Hindalco, ACC, Reliance Capital, Reliance Infrastructure, Grasim, L&T, Reliance Power, Nalco, Ambuja Cements and PNB. However ICICI Bank, HDFC, Infosys, Wipro, BHEL and Bharti were trading lower.