Indices close lower amidst sell off

Written by: Super Admin
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Mumbai, Jun 12: The 30-share BSE Sensex closed 173.53 points or 1.13 pc lower at 15,237.94, after seeing an intraday high of 15,600.30 and low of 15,174.28. The 50-share NSE Nifty touched a high/low of 4693.20 and 4566.15, before closing at 4583.40, down 1.17pc or 54.30 points.

Sell off was seen in infrastructure, telecom, realty, auto, financials and technology as a result of unwinding of long position ahead of the weekend. The markets witnessed volatility throughout the session and ended lower.

Bharti, DLF, SBI, NTPC, Reliance Communication, BHEL, L&T, Wipro, HDFC, SAIL, Infosys, ICICI Bank and HDFC Bank dragged the frontline indices while buying in Reliance Industries, Reliance Petroleum, ONGC, Tata Steel, Sterlite and Nalco capped the losses.

IIP data released on Friday, Jun 12 was encouraging as it came in at 1.4 pc for the month of April as against negative 0.7pc in March.
04:34 PM

Selling pressure; Markets in red

The Sensex fell 225 points, to 15,185 and the Nifty declined 68 points, to 4,569. Among the broader indices, BSE Midcap and Smallcap indices lost 1pc each at 14:02 hours IST.

Selling was seen in telecom, capital goods, technology, realty, auto, cement and financials stocks which are putting pressure on the markets. The Nifty was struggling at the 4600 mark, as lot of supply was coming in at the same level.

Markets received some support as a result of buying Reliance Industries, Sterlite, Cipla, Tata Steel, Hindalco, Sizlon, Reliance Infrastructure and NALCO. The market breadth was in favour of declines; about 885 shares advanced while 1934 shares declined. Nearly 326 shares were unchanged.
03:15 PM

Indices rally; RIL, ICICI, metals up

The Sensex rose 163 points, to 15,575 and the Nifty went up 47 points, to 4,684. The BSE Midcap Index gained 1.2 pc and the Smallcap Index rose 0.8 pc at 11:45 hours IST. The indices extended rally on the back of uptrend in infrastructure (capital goods + power), metal and in stocks like Reliance Industries, ICICI Bank, ITC, Infosys and TCS.

While the 50-share NSE Nifty was holding the 4650 level and the Sensex remained above the 15,500 level. HDFC Bank, HUL, ONGC, Bharti, Wipro, M&M, Maruti, Sun Pharma, Grasim and Unitech witnessed selling, adding volatility to markets.
12:20 PM

Markets bounce back; tech, metal up

As a result of buying in infrastructure, metal, banking and select technology stocks the markets bounced back in the opening trade on Friday, Jun 12.

At 9:56 am, the Sensex was up 45 points, to 15,459 and the Nifty rose 18 points, to 4,656. The CNX Midcap went up 1pc, to 5,707.

Among the frontliners, Hindalco, Idea, Tata Communication, PNB, Siemens, Sterlite, M&M, Hero Honda, Suzlon, Cairn, L&T, SBI, ICICI Bank, Infosys and Reliance Power were the gainers. However, HUL, Tata Power, Wipro, HDFC and Sun Pharma were the losers.

In the midcap space fertilisers stocks like RCF, Nagarjuna Fertilisers and Chambal Fertilisers gained.

Meanwhile the Asian markets showed mixed interests in trade. The US markets ended off the day's high.
10:30 AM

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