Sensex ends moderately; power stocks dip market
Mumbai, Sep 2:At 4:19 pm, Capital goods, realty, private banking and select power stocks pulled the market down while the Sensex ended with a modest loss for the third consecutive session.
Heavyweights Reliance Industries, Bharti, ONGC and ITC also added some pressure.
However, oil marketing companies surpassed other largecaps. Buying in select pharma and technology shares along with HUL, Hero Honda and Reliance Communication outdid the losses.
The
Sensex
closed
at
15,467.46
down
83.73
points
while
the
Nifty
ended
at
4608.35
down
17.00
points.
4:35PM
Sensex remains uneven; selling in capital goods
At 1:58 pm, the Sensex being unstable was around its previous closing value though selling continued in capital goods, metal, auto (four wheeler), realty, cement and private banking companies' shares.
Heavyweight Bharti Airtel dipped by 2 per cent.
However,
technology,
FMCG,
oil
marketing
and
select
pharma
companies'
shares
drew
buying
interest.
Reliance
Communication
rose
to
5
per
cent
while
Hero
Honda
was
up
by
2.7
per
cent.
The
Sensex
was
down
7
points
to
15,543
while
the
Nifty
gained
1.5
points
at
4,627.
Unitech,
Mahindra
Satyam,
Reliance
Capital,
Aban
Offshore,
NHPC
and
DLF
were
most
active
on
the
bourses.
2.22
PM
Nifty at 4600 despite weak Asian market
At 11:27 am, despite weak Asian market the Nifty maintained 4600 level.
Capital goods stocks along with Reliance Industries, Bharti Airtel, Nalco, ICICI Bank, Sterlite, Maruti, NTPC, SAIL, HDFC, Tata Power, ABB, Grasim, PNB, Tata Steel and M&M faced selling pressure.
But buying continued in Reliance Communication, Infosys, ITC, Hero Honda, BPCL, SBI, HUL, Sun Pharma, DLF, Ranbaxy Labs, Tata Motors and Hindalco.
Vimal Oils, Todays Writing, Nahar Capital, Berger Paints, Hariyana Ship, Subros and Times Guaranty rose from 10 to 18 per cent.
Gremach Infra, Hardcastle, Delton Cables, Gemstone Investment, Morarjee Textile, Tinplate, Indiabulls Retail, Shasun Chemical and Austral Coke slipped down from down from 5 to 10 per cent.
Unitech,
Mahindra
Satyam,
Reliance
Capital,
Aban
Offshore,
NHPC
and
DLF
were
most
active
shares
on
the
bourses.
12.40PM
Banks
gain
as
Nifty
recovers
Sep1
losses
At 10:22 am, the Nifty showed vitality while Reliance Communication, DLF, SBI, Hero Honda, NTPC, M&M, Ranbaxy, Sun Pharma, BPCL, HUL, Suzlon Energy, Idea and Axis Bank, the gainers.
But selling was seen in Bharti, ONGC, ICICI Bank, Wipro, Sterlite, L&T, HDFC Bank, ITC, Tata Power, Unitech, Cipla, Grasim, Nalco and ABB.
BHEL, Reliance Industries, TCS, Infosys and HDFC traded flatly.
In the midcap space, Berger Paints shot up at 11.74 per cent. Blue Dart, Alfa Laval, TV18 and HCL Info gained 4 to 7 per cent. However, Koutons Retail, Sintex India, JM Financial, Shriram Transport and Atlas Copco fell from 1.5 to 2.6 per cent.
In the smallcap space, Delta Corp, Forbes Gokak, FAG Bearings, Century Plyboard and Satra Properties went up from 6 to 8%. However, Austral Coke locked at 5 per cent lower circuit. Money Matters, English India Clays, Zodiac Clothing and KPIT Cummins slipped from 3 to 4.5%.
Top
percentage
gainers
were
Rasi
Electrodes,
Todays
Writing,
El
Forge,
Span
Diagnostic,
Subros,
Nahar
Capital
and
Delta
Corp
were
up
from
8.5
to18.5
per
cent.
10.57AM
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