Benchmark Indices end sharply lower
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.
04:25
PM
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.
02:50
PM
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.
12:15
PM
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.
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