Mkts end lower due to weak global cues

Subscribe to Oneindia News

Bombay Stock Exchange
Mumbai, Jun 22: The 50-share NSE Nifty closed at 4235.25, down 1.82 per cent or 78.35 points. The 30-share BSE Sensex shut shop at 14,326.22, down 195.67 points or 1.35 per cent.

The benchmark indices retreated after Friday, Jun 19 gains. This retreat was led by fall in commodities in international markets and weak global cues.

The markets also suffered due to the sell off in oil and gas, cement, realty, telecom, power and select banking stocks.

Index heavyweight Reliance Industries fell 4 per cent more adding to the 13 per cent lost in last week. This was due to the Mumbai High Court decision that did not favour the company in the RIL-RNRL gas case.
4:35 PM

Mkts choppy; selling in auto, metal, realty, power

The markets are trading choppy with a negative bias. At 1: 37 pm, the Sensex was down 127.26 points or 0.88 per cent at 14394.63, and the Nifty was down 58.75 points or 1.36 per cent at 4254.85.

Oil & gas, power, telecom, metal, pharma, auto and realty stocks witnessed selling pressure. Reliance, Infosys, HDFC Bank, Bharti Airtel and SBI proved to be negative contributors to the Sensex. However, select banking, capital goods and FMCG stocks saw buying.

Reliance was trading at Rs 1,974.00 down 3.22 per cent. Top losers were M&M, Tata Motots, NTPC, and Reliance Infra.

The top losers among the Midcaps were Anant Raj Ind, BF Utilities, Coromandel Fert, Nat Fert and Hotel Leela. And Spectacle Ind, Royal Orchid, Geefcee Fin, Sarasind, Madhucon Projec were the losers among the small caps.
2:12 PM

Mkts trading marginally higher; realty, auto gain

The markets are trading marginally higher amid volatility. At 11:31 am, Sensex went up 93 points, to 14,615 and the Nifty rose 11 points, to 4,324. Among the broader indices, the BSE Midcap rose 1.5 per cent and the Smallcap Index gained 1.4 per cent.

The markets were supported by buying in capital goods, realty, metal, technology, auto and select financial stocks was helping the markets, while the sell off in Reliance Industries, ONGC, NTPC, Cairn, Cipla, Sun Pharma, Idea, HDFC Bank and HUL capped the gains.

Among the sectors, BSE Bank, Capital Goods, Realty and Metal indices were up 1.8 to 2.4 per cent. However, the Oil & Gas index fell 1.2 per cent.

The gainers among the capital goods were Punj Lloyd, Suzlon Energy, L&T, BHEL, Siemens and ABB which rose 0.9 to 4 per cent.

Among the metals, JSW Steel, Sesa Goa, Hindustan Zinc, Sterlite, SAIL, Jindal Saw (received order worth Rs 1,000 crore), Hindalco, JSL, Tata Steel and Jindal Steel surged 1.7 to 4.7 per cent.

In the banking stocks, gaining about 0.91 per cent, ICICI Bank, Axis Bank and PNB went up.

In the auto arena, Apollo Tyres, Tata Motors, Hero Honda, Maruti Suzuki and Bharat Forge rose 0.5 to 2 per cent.

Among the technology stocks, HCL Tech, TCS, Tech Mahindra, Infosys and Wipro went up 0.3 to 0.8 per cent. Realty stocks like Akruti City, DLF, Mahindra Life, Indiabulls Real, HDIL and Unitech rallied 1.3 to 2.7 per cent.
12:08 AM

Mkts volatile; Reliance Infra, Tata Steel gain

On the back of the positve Asian cues, the markets opened with a gap and were trading with volatility.

At 9:56 am, the Nifty was up 26 points, to 4,339 and the Sensex rose 110 points, to 14,632. The CNX Midcap and BSE Smallcap indices gained 1 per cent at 5,365 and 5,679.

Infrastructure, realty and metal stocks saw buying interests.

The gainers among the frontliners were Unitech, Reliance Capital, SAIL, Suzlon, Reliance Communications, ICICI Bank, Reliance Infrastructure, DLF, Tata Steel, ACC and L&T, while Cairn, Power Grid, HDFC Bank, HUL, NTPC and ONGC lost.

In the midcap space, the gainers were Gujarat NRE Coke, HCC, JP Hydro and Punj Lloyd which surged 3 to 4 per cent. Satyam which was renamed as Mahindra Satyam rose 2 per cent. ABG Shipyard gained 5 per cent. However following the numbers, DCB fell 3 per cent.
10:24 AM

OneIndia News

Please Wait while comments are loading...