Indices end flat; midcap, smallcap up
Mumbai, May 25: The 50-share NSE Nifty shed 0.95 points or 0.02 pc, to close at 4,237.55, after seeing a swing of 64.95 points between an intraday high of 4,270.05 and low of 4,205.10. However, the 30-share BSE Sensex swung 208.81 points between day's high/low of 14,028.06 and 13,819.25, before closing the day at 13,913.22, up 0.19 pc or 26.07 points.
However the broader indices continued to outperform the benchmark indices. The BSE Midcap Index gained 2.83 pc or 134.47 points, to close at 4,890.15 and the Smallcap Index rose 5.01 pc or 276.27 points, to settle at 5,789.43. Both indices shot up 30.70 pc and 37.18 pc in eight sessions, respectively.
Breadth
of
the
market
was
very
strong.
About
2533
shares
advanced,
while
344
shares
declined
on
the
BSE.
Nearly
249
shares
remained
unchanged.
04:20
PM
Markets trading quietly; Bharti down by 6 pc
The Sensex was trading at 13,896, down 9 points and the Nifty fell 11 points, to 4,227, at 14:17 hours IST. However, the broader indices were very strong; the BSE Midcap Index was up over 2 pc and Smallcap Index surged 4 pc.
The markets are witnessing consolidation and were not moving in either direction. Reliance Industries and ONGC were volatile. Selling was seen in technology, select power and financial stocks along with Bharti Airtel, which was down over 6 pc.
Buying
interest
is
seen
in
shares
of
realty,
metal,
oil
marketing
companise
along
with
Ranbaxy,
Reliance
Communication,
ITC,
BHEL
and
Idea.
03:00
PM
Sensex tests 14k; Market volatile
The Sensex rose 129 points, to 14,016 and the Nifty was trading at 4,265, up 26 points, at 11:47 hours IST. The BSE Midcap Index was up 2.7 pc and the Smallcap Index gained 4 pc.
Markets are witnessing some buying interest, as uptrend was seen in shares of telecom, metal, capital goods, oil marketing, FMCG and select financial companies. But markets are still witnessing volatile trading. However, the sell-off in ONGC, Infosys, SBI, Nalco, Reliance Industries, Suzlon, PNB and Siemens capped the gains.
The
market
breadth
was
strong;
about
2448
shares
advanced
while
347
shares
declined.
Nearly
331
shares
were
unchanged.
12:20
PM
Markets witnessing choppy trade; Bharti gains
Indian benchmark indices which opened higher turned negative immediately on Monday, May 25.
Choppy trade is going on. Asian markets too are showing mixed trend. At 9:56 am, the Sensex was trading at 13,919, up 32 points while the Nifty fell just 3 points, to 4,235.However, the CNX Midcap went up 1.4 pc, to 5,153.
Among
the
frontliners,
Ranbaxy,
Unitech
and
DLF
were
the
gainers.
Telecom
giant
Bharti
Airtel
surged
nearly
5
pc
in
the
early
trade.
10:15
AM
OneIndia News