Mkts end lower due to weak global cues
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