Mumbai, Jul 16: The benchmark indices closed flat, after seeing a consolidation throughout the session. This consolidation was due, as the Sensex rallied 900 points and the Nifty 350 points in last two days. The volumes were on the higher side compared to previous session.
Auto, pharma, PSU power and select telecom stocks witnessed buying interest. However, selling was seen in private power, cement and select capital goods stocks. There was a mixed trend in oil & gas, metal, banking and technology stocks.
Total traded turnover was higher by 19 pc at Rs 95,168.90 crore as against Rs 80,071.65 crore on Wednesday. This included Rs 19,764.59 crore from the NSE cash segment, Rs 68,847.29 crore from the NSE F&O and the balance Rs 6,557.02 crore from the BSE cash segment.
ONGC, L&T, Sterlite, SBI, HDFC, Reliance Infrastructure were negative contributors while Reliance Industries, NTPC, Reliance Communication, Hero Honda and Maruti were positive contributors.
Broader indices flat; L&T, SBI, TCS dip
At 01:49 pm, the benchmark indices were witnessing volatility. The Nifty was moving in a range of 4200-4250 and the Sensex ranged between the 14200-14300 levels.
The broader indices were flat in trade. The market breadth was positive; about 1492 shares advanced while 1195 shares declined on the BSE. Nearly 473 shares were unchanged.
ONGC, Sterlite, L&T, SBI, HDFC, DLF, TCS, Reliance Infrastructure, Infosys, HUL, SAIL, Idea, Hindalco, ICICI Bank and Nalco were seeing selling pressure.
However, buying continued in Reliance Industries, NTPC, Bharti, Wipro, Jindal Steel, Reliance Communication, Tata Steel, Hero Honda, Tata Motors, HDFC Bank, PNB, BHEL, ACC and Axis Bank.
The Nifty was down 7 points, to 4,227 and the Sensex fell 7 points, to 14,246. The Nifty July future was trading with 3-8 points discount.
Top percentage gainers - Geefcee Finance and NHN Corporation locked at 20 pc upper circuit. Wearology, Anus Labs, Haldyn Glass, Adlabs Films, Opto Circuits, GMDC, Vakrangee and Godrej Industries were up 10-18.5 pc.
Top percentage losers - Jay Bharat Maruti was down 18.53 pc. Diamines and Chemicals, Josts Engineers, Aroni Comm, National Oxygen, Apcotex Industries, Rane Brake, Sandesh and Amtek Auto were down 8-10 pc.
Mkts continue +ve; RIL, Tata Motors gain
At 11:02 am, the benchmark indices were trading higher with some volatility. They were seeing some selling pressure at higher levels, due to sell-off in Sterlite, ONGC, TCS, HUL, HDFC Bank, HDFC, Cipla, ITC and Sun Pharma.
However, buying in metal, power, capital goods, telecom, realty, banking stocks along with Reliance Industries and Tata Motors was helping the markets to stay on the higher side.
The Nifty was up 38 points, to 4,272 and the Sensex rose 131 points, to 14,384. The Nifty Jul future was trading with 10-12 points discount. About 923 shares advanced while 207 shares declined on the NSE.
The outperformance of broader indices continued for the third day. The BSE Midcap and Smallcap indices gained 1.6 pc each.
Mkts trading higher; Sensex up by 192 pts
Positive global cues lifted the markets higher in the opening trade and this was the third straight day of winning streak for the benchmark indices. Realty, power, capital goods, metal and select banking stocks were seeing buying interest. The Nifty has tested the 4300 mark in the early trade and then retraced.
At 9:56 am, the Sensex rose 192 points, to 14,445 and the Nifty gained 59 points at 4,293. The CNX Midcap went up 95 points, to 5,452. About 610 shares advanced while 49 shares declined.
Among the frontliners, Unitech, Tata Motors, Siemens, Reliance Power, SAIL, Idea Cellular, ICICI Bank, L&T, Suzlon Energy, Reliance Capital, Hindalco, DLF, ABB, Cairn India, Nalco, Axis Bank and NTPC were the gainers.
In Midcap space Mahindra Holidays listed at Rs 320 a share as against its issue price of Rs 300 a share. Adlabs shot up 15 pc, as there were reports that Anil Ambani signed $825 million deal with Spielberg.