Mkts end lower due to profit booking
Mumbai, Jul 21: Markets ended the day lower on the back of profit booking. Selling was seen in technology, oil & gas, power, banking, realty and select telecom stocks which put pressure on benchmarks.
However, buying in select metal stocks along with Maruti, L&T and HUL capped the losses.
The 30-share BSE Sensex ended at 15,062.49 down 128.52 points or 0.85 per cent and 50-share NSE Nifty ended the day at 4469.10, down 0.74 per cent or 33.15 points.
The
market
breadth
was
mixed.
About
1,359
shares
advanced
while
1,411
shares
declined
and
nearly
392
shares
remained
unchanged.
4:26
PM
Benchmarks
volatile;
TCS,
M&M,
GAIL
lose
The markets continue to trade lower amid volatility. At 2: 23 pm, the Sensex was down 108 points, to 15,082 and the Nifty fell 28 points, to 4,474.
Oil and gas, banking, power and select technology stocks are under pressure on the back of profit booking. However, buying continued in Maruti, L&T, Reliance Infrastructure, SAIL, Tata Steel, Wipro, Idea, HUL, Ranbaxy, Grasim and Sun Pharma.
The losers were TCS down 3.86 per cent, M&M down 2.74 per cent, ACC down 2.39 per cent, BHEL down 2.39 per cent, Sterlite Industries down 2.37 per cent, GAIL down 3.87 per cent, Suzlon Energy down 2.44 per cent.
Among
the
midcaps,
the
gainers
were
Gujarat
Flourochemical,
BOC
India,
BGR
Energy,
Bhushan
and
Voltas
while
MindTree,
Opto
Circuits,
Gujarat
NRE
Coke,
Thomas
Cook
and
OnMobile
Global
fell
5
to
10
per
cent.
3:08
PM
Mkts volatile; TCS, HCL, Infy dip
The markets are trading amid volatility and are witnessing selling pressure. At 12: 00 pm, Nifty fell 23 points, to 4,478 and the Sensex gained 105 points, to 15,085.
Power, capital goods, oil & gas select auto and technology stocks were witnessing selling pressure. However, the losses were capped by the buying in metal, telecom stocks and shares of Anil Dhirbhai Ambani Group.
Among the capital goods, BHEL, Suzlon Energy and Punj Lloyd fell 2 per cent each. Post numbers, Thermax lost 1 per cent. L&T, Bharat Bijlee and Siemens lost 0.5 to 0.8 per cent.
In oil and gas stocks, GAIL lost 4 per cent, ONGC, IOC, HPCL, BPCL, Reliance Petroleum, Cairn India and Reliance Industries fell 0.5 to 1.3 per cent.
Among the power stocks, slipping by 1.5 to 2 per cent, Tata Power, GMR Infra, Power Grid Corp, NTPC, GVK Power and Torrent Power were the losers.
In
IT
stocks,
TCS
fell
3.86
per
cent,
HCL
and
Infosys
lost
1.7
to
2
per
cent.
Wipro
gained
0.5
per
cent.
12:53
PM
Mkts
open
lower;
Kingfisher
airlines,
MindTree
dip
After strong rally on Monday, Jul 20, the Indian markets retreated. At 9:56 am, the Sensex was down 60 points, to 15,130 and the Nifty fell 16 points, to 4,486. The CNX Midcap was down 6 points, to 5,618 while the Nifty Junior rose by 9 points at 8,128.
The gainers among the frontliners were Sterlite, Reliance Infrastructure, Unitech, Axis Bank, SAIL, Tata Motors, Infosys, BPCL, Hero Honda, Tata Communication and Hindalco. And TCS was consolidating around Rs 500.
Among the midcaps, Era Infra Engineering, Sterlite Tech and KPIT Cummins gained 5 per cent each. Essar Oil was up 3 per cent. Triveni Engg was up 2 per cent.
While Yes Bank up by 1 per cent ahead of numbers, Mindtree fell 1 .8 per cent post numbers.
Falling
by
2
per
cent,
the
losers
were
Gujarat
NRE
Coke,
IndusInd
Bank,
JP
Hydro,
GVK
Power
and
Kingfisher
Airlines.
10:18
AM
OneIndia News