Mumbai, May 26: After seeing consolidation for the last two and a half sessions, Indian benchmark indices ended sharply lower. The 50-share NSE Nifty touched an intraday low of 4092.25, before closing the day at 4116.70, down 2.85 pc or 120.85 points. The 30-share BSE Sensex shed 323.99 points or 2.33 pc, to settle at 13,589.23.
The market breadth was mixed; about 1407 shares advanced while 1467 shares declined on the BSE. Nearly 252 shares remained unchanged.
Telecom, power, oil & gas, banking, realty, metal and capital goods witnessed profit booking. However some buying interest was seen in technology stocks due to weakening rupee.
Mkts in red; telecom, realty down
Markets extended loss on the back of profit booking in hares of oil & gas, power, telecom, metal, realty, capital goods, major banking companies. The Sensex slipped 243 points, to 13,669 and the Nifty declined 87 points, to 4,150, at 13:33 hours IST. The BSE Midcap and the Smallcap indices fell over 2 pc.
Markets were under pressure also due to the negative cues from the European markets. The market breadth was marginally in favour of advances; about 1525 shares advanced while 1319 shares declined. Nearly 282 shares were unchanged.
Markets volatile; tech, power stocks up
Markets are witnessing high volatility, as they were hovering around their previous closing values. The Sensex was trading at 13,921, up just 8 points while the Nifty rose 14 points, to 4,223, at 11:54 hours IST. However, the BSE Midcap Index was up 0.5 pc and Smallcap Index went up 1.6 pc.
Telecom, PSU power stocks along with Reliance Industries, ITC, Ranbaxy Labs, ICICI Bank, SAIL, Siemens and Unitech were under pressure.
Some buying interest is seen in shares of technology, private power and select metal companies. Buying in SBI, BHEL, HDFC, ONGC and HDFC Bank were also supportive.
Markets open flat; Broader indices up
Indian stock markets open rangebound on Tuesday, May 26. However the broader indices continued their upward rally.
At 9:57 am, the Nifty was trading at 4,241, up 4 points and the Sensex went up 51 points, to 13,964. The CNX Midcap rose 65 points, to 5,279 and BSE Smallcap Index gained 2 pc at 5,901.
While Unitech, Ranbaxy, Suzlon, DLF, Hindalco, Sterlite, Siemens, PNB, HDFC, Idea Cellular and Wipro were up, ONGC, Bharti, SAIL, Reliance Industries and SAIL were down.