Mkts end -ve due to 5.8pc fall in Shanghai

Posted By: Staff
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Mumbai, Aug 17: The markets ended the day lower due to the continued sell off and weak global cues. BSE Sensex ended the day at 14,784.92, down 626.71 and NSE Nifty shut shop at 4387.90, down 192.15 points.

The broader indices too ended 3 to 3.9 per cent lower.

Not even a single share on the Sensex nor Nifty ended in green.

Indian markets trading in the negative zone on Monday, Aug 17 due to weak Asian cues. Shanghai fell 5.8 per cent, to 2,870.63 accounting for the biggest fall seen by Chinese Index since Nov 2008.
4:28 PM

Sell off & weak global cues put pressure on Nifty

At 2:36 pm, Sensex was down 535 points, to 14,875 and the Nifty fell 168 points, to 4,411. BSE Midcap declined 3 per cent and the BSE Smallcap Index down 2 per cent.

Selling across all sectors along with weak global cues are putting pressure on the Nifty.

Among the sectoral indices, Realty Index became the biggest underperformers falling 7 per cent. Metal Index lost 5 per cent; Bank, Oil & Gas, Auto, FMCG, IT, TECk and Capital Goods indices slipped 2.5 to 4 per cent.

In the oil & gas space, Essar Oil, Cairn India, BPCL, Aban Offshore, Reliance Industries, HPCL and ONGC fell 3 to 4 per cent.

In the realty, HDIL, DLF, Unitech, Parsvnath, Indiabulls Real and Orbit Corporation declined 5 to 7 per cent while JSW Steel, Sterlite Industries, Tata Steel, Hindalco, Jindal Steel, Sesa Goa and SAIL lost in metal space.

In the banking shares, ICICI Bank, Axis Bank, PNB, Bank of Baroda and SBI lost 3-4%. HDFC Bank slipped.

Auto stocks like Tata Motors, Hero Honda, Bharat Forge, M&M, Ashok Leyland and Maruti Suzuki dipped while in Technology stocks Infosys, Wipro, TCS, Tech Mahindra and HCL Tech were down 1.4 to 2.5 per cent.
2:50 PM

Mkts continue -ve; all sectoral indices in red

The markets continue their downward trend, on the back of the 5 per cent fall in Shanghai Index. At 11: 48 am, Sensex was down 346 points, to 15,064 and the Nifty tumbled 112 points, to 4,468.

The broader indices, Midcap fell 1.8 per cent and Smallcap Index lost 0.8 per cent.

All sectoral indices were in red. Realty, Auto and Metal indices plunged 3 to 4 per cent. Bank, FMCG, Oil & Gas, IT and TECk indices lost 2 to 2.5 per cent. Capital Goods, Healthcare and Power indices declined 1 to 1.8 per cent.

Among the Nifty 50, just four stocks namely Tata Communication, Ranbaxy, BPCL and BHEL were up 0.5 to 1 per cent.
12:23 PM

Mkts open sharply lower; DLF, RIL, M&M lose

The Indian markets have opened sharply lower on back of negative cues from Asian markets. Metal, realty, auto, cement and financial stocks along with heavyweight Reliance Industries were witnessing pressure.

At 9:56 am, the NSE Nifty was down 86 points, to 4,494 and the BSE Sensex tanked 277 points, to 15,134. The CNX Midcap lost 1.5 per cent, to 5,849 and the BSE Smallcap Index was down 74 points at 6,338.

The losers among the frontliners were Sterlite Industries, Tata Steel, Hindalco, DLF, Unitech, PNB, Maruti, M&M, ACC, Jindal Steel & Power, Reliance Capital, Cairn, SBI, Reliance Industries, Hero Honda, Suzlon Energy, Ambuja Cements and Grasim down 1 to 4 per cent.

BPCL and NTPC were the only gainers.

Among th midcaps, JP Associates, RNRL, GSPL, HDIL, Balrampur Chini, Shree Renuka Sugurs, Aban Offshore, Indiabulls Realty, India Infoline, Sesa Goa and Brandhouse Retail were all in the red, down by 1 to 4 per cent. However, Maytas Infra and Provogue gained.

Due to the 4.5 pc hike in ATF prices, Kingfisher Airlines and Jet Airways were also trading lower.
10:18 AM

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