Mumbai, Jul 22: The markets closed lower for the second consecutive day of the week. The BSE Sensex shut shop at 14,843.12, down 219.37 points and NSE Nifty ended the day at 4398.90, falling by 70.20 points.
The markets crossed the total turnover of Rs 1 lakh crore. Institutions were the sellers in the trade and they booked higher profits.
Selling pressure was seen in Financial, technology, telecom,
capital goods, metal and select oil & gas stocks.
Mkts -ve; TCS, Hero Honda, Reliance, Infy dip
After a good first half of the session, the markets slipped to the red. IT, capital goods, power, auto, pharma, FMCG, banking and select oil & gas stocks were witnessing selling pressure.
At 1: 35 pm, the Sensex was down 173.02 points or 1.15 per cent at 14889.47 and the Nifty was down 68.10 points or 1.52 per cent at 4401; it touched an intraday low of 4,393.75.
Grasim down 3.41 per cent, BHEL down 3.38 per cent, TCS down 3 per cent, Jaiprakash Asso down 2.59 per cent Hero Honda down 2.43 per cent were the top losers on Sensex.
Reliance was trading at Rs 1,974.00 down 2.16 per cent from its previous close of Rs 2,017.55. Infosys was trading at Rs 1,900.00 down 2.22 per cent from its previous close of Rs 1,943.10.
The gainers on Sensex were ONGC up 3.06 per cent, Sterlite Ind up 1.45 per cent, Hindalco up 1.07 per cent, DLF up 0.73 per cent and Tata Power up 0.01 per cent.
Among the midcaps, the losers were India Cements, United Phos,
Thermax, Glenmark and Madras Cements down 5 to 7 per cent.
Mkts continue +ve; all sectoral indices in green
The markets extended the postive rally on the back of upsurge in shares of banking, oil & gas exploration, realty, power, cement, metal and select capital goods stocks. At 12:10, the BSE Sensex was at 15,253.60, up by 191.11 and NSE Nifty was at 4521.30, up by 52.20.
All the sectors were trading green. The BSE Realty Index shot up 4.5 per cent, Bank, Metal and Oil & Gas indices were up 2 to 2.5 per cent, Auto, Power, FMCG, Capital Goods and IT indices rose 1 to 1.5 per cent.
In Realty, HDIL, DLF, Omaxe, Parsvnath, Unitech and Indiabulls Real gained 3.9 to 5.7 per cent.
In Banking, ICICI Bank was up 3.82 per cent, Bank of Baroda, Kotak Mahindra, Axis Bank, PNB and SBI gained 1.7 to 3 per cent, HDFC Bank was up just 0.2 per cent.
In Metal stocks, Sterlite Industries was up 5 per cent, NMDC, Hindalco, Jindal Steel, Tata Steel, Jindal Saw and JSW Steel were up 1 to 3.5 per cent.
In the oil & gas space, ONGC rose 4.83 per cent GAIL, Reliance Petroleum and Reliance Industries moved up 1.5 to 2 per cent.
Among the midcaps, Sunteck Realty locked at 20% upper circuit.
Aurobindo Pharma, ING Vysya Bank, Deccan Chronicle and Welspun
Gujarat surged 6 to 8.7 per cent. And among the small caps, BL
Kashyap, Indiabulls Securities, Balkrishna Industries, Kemrock
Industries and Swan Mills were up by 10 to 13.5 per cent.
Mkts open +ve; Infy, Tata power, DLF, PNB gain
Positive glabal cues and buying in infrastructure and financial stocks have led to the markets opening in the green. At 9:56 am, the Nifty was up 24 points, to 4,493 and the Sensex was up 81 points, to 15,143.
The CNX Midcap rose 27 points at 5,658 and the BSE Smallcap Index rose 45 points, to 5,883.
The gainers among the fronliners were Sun Pharma, Reliance Infrastructure, Ranbaxy, Suzlo, Sterlite, Idea, HCL Tech, HDFC (ahead of numbers), PNB, Infosys, Reliance Capital, ICICI Bank, BHEL, Reliance Power, Tata Power and DLF.
Wipro has posted its Q1 numbers. The company's net sales have declined however, the profit went up by 0.54 per cent. Wipro was trading flat.
Good numbers led to a surge of 3 per cent for the Dr Reddys Labs.
The losers were Hero Honda, Tata Communication, Bharti Airtel and ITC.
Among the midcaps, the gainers were Binani Cement, Gujarat
Sidhee, Heidelberg Cement, Shree Digivijay, Deccan Chronicle, and
ING Vysya bank. The losers were Glenmark Pharma and Thermax.