Mkts end -ve due to sell off in metal, cement, IT

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Sensex and Nifty: Market Updates
Mumbai, Aug 19: The markets ended the day in red. The BSE Sensex shut shop at 14,809.64, down 225.62 and NSE Nifty closed at 4394.10, down 64.80.

The fall in markets across the globe was due to sell offs. Sell off in oil & gas, metal, cement, power, technology, FMCG and select banking stocks weighed on Sensex.

The fall in Chinese index, Shanghai which led to the Monday, Aug 17 fall in Indian markets again led the markets to a fall.

Broader indices too ended negative. BSE Midcap plunged 1.1 per cent while Smallcap Index ended the day down by 0.5 per cent.
4:30 PM

Sensex tanks 237 pts; all sectoral indices in red

At 1: 30 pm, the BSE Sensex went down by 237 points, to 14,797 and the Nifty down 73 points, to 4,385 while the broader indices declines 0.5 to 1 per cent.

All the sectoral indices continue to trade in the negative.

Losing 3 to 4 per cent, the top losers were ACC, Reliance Infrastructure, Tata Steel, Grasim, Reliance Communication and Ambuja Cements. Reliance Industries, ONGC, SBI, NTPC, TCS, Infosys, ICICI Bank, L&T and ITC were the negative contributors on the bourses.

The top percentage gainers were Sah Petroleums and Bengal & Assam were up 20% each. Puravankara Projects, Bharati Shipyard, Numeric Power, Hind Rectifiers, Swiss Glascoat and Haldyn Glass surging 9.5 to 12 per cent.

The top percentage losers were Glenmark, RR Finance, Camphor and All, Inani Marbles, ABC Bearings, Bal Pharma, Dhunseri Tea, Fresenius Kabi and Cummins.
2: 45 PM

5pc fall in Shaghai weighs on Indian mkts, again

Led by a 5 pc fall in Shanghai agian, Indian markets extended losses to come close to the Monday, Aug 17 losses. At 1 pm, BSE Sensex was trading at 14,764.57, down 270.69 and NSE Nifty was at 4361.30, down by 97.60
points.

All the sectoral indices are in red. The BSE Oil & Gas, Realty, Auto, Bank, Metal and Capital Goods indices fell 2 to 3 per cent.

Among the broader indices, the BSE Midcap slipped 1.7 per cent and the Smallcap Index down 1 per cent.

In the oil & gas arena, HPCL, Reliance Industries, IOC, GAIL, BPCL and ONGC slipped 1.8 to 3.8 per cent.

Unitech plunged 5 per cent, HDIL, Orbit Corporation, Parsvnath, Indiabulls Real and DLF lost 1 to 3 per cent in the realty space.

In the Auto arena, Bharat Forge, Bajaj Auto, M&M, Tata Motors, Hero Honda, Ashok Leyland, Maruti Suzuki and Amtek Auto declined 1.5 to 5 pc.

In the banking, SBI went down 3.36 per cent, ICICI Bank, Bank of Baroda, Axis Bank, PNB and HDFC Bank were other losers

Among metals, Tata Steel, Jindal Saw, Sesa Goa, JSW Steel, Hindalco, SAIL, Jindal Steel and Sterlite Industries lost 1.6-3.8%.

In the Capital Goods counter, Punj Lloyd, Crompton Greaves, Suzlon Energy, Siemens, L&T, BHEL and ABB was dipped.
1:18 PM

Mkts choppy, Sensex flat at 15,035

The Dalal Street opened to choppy trade. At 9:57 am, the NSE Nifty was up just 1 point, to 4,459 and the BSE Sensex was flat at 15,035. The CNX Midcap gained 25 points, to 5,834 in early trade.

L&T, HUL, Bharti, BPCL, Wipro, ITC, Hero Honda, Sun Pharma, Tata Steel, Power Grid, Tata Motors and ICICI Bank were the losers while Cipla, Cairn India, Sterlite Industries, DLF, ABB, HCL Tech, Siemens India, Ranbaxy Labs, HDFC, Unitech and ACC gained.

Among the Midcaps, Mahindra Satyam, Alok Industries, Mercator Lines, Indiabulls Financial, HOEC, Moser Baer, Provogue, Orchid Chemical, Prism Cement, Balaji Tele and 3i Infotech gained 1.5 to 4 per cent.

The Asian markets were trading mixed.
10: 18 AM

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