Nifty ends marginally higher; FMCG, realty gain

Written by: Super Admin
Subscribe to Oneindia News

Mumbai, Sep 11: The Nifty continued its uptrend for the sixth consecutive session and ended marginally higher. Institutional buying in banking, technology and aluminium companies' shares helped the Index to remain above the 4800 mark for the fourth day in a row.

The markets were volatile throughout the session today. The sell-off in oil & gas, FMCG, realty, cement, private power, auto and select steel companies' shares capped the gains.

Global cues were a bit positive today. Asian markets ended higher barring Nikkei and Shanghai was up 2.2 pc. European markets were trading 0.5-0.8 pc higher, at the time of closing of Indian equities.

The 30-share BSE Sensex closed at 16,264.30, up 47.44 points, after witnessing a swing of 208 points between an intraday high of 16,337.98 and low of 16,130.32.

The 50-share NSE Nifty went up just 1.15 points, to settle at 4829.55; it swung 64.6 points in day's range of 4856.15-4791.55.
4:33 PM

Mkts continue volatile; FMCG, realty dip

At 12:21 pm, the Nifty was consolidating at current levels and not showing any direction on either side.

On the sectoral front, oil & gas, FMCG and realty stocks were under pressure along with Sterlite Industries, Reliance Communication, BHEL, Jindal Steel, Maruti, Hero Honda, HDFC Bank, Axis Bank and Tata Power.

The Sensex was down 35 points, to 16,181 and the Nifty down 13 points, to 4,806. About 377 shares advanced while 839 shares declined on the NSE.

In the midcap space, Central Bank was up 13 pc. P and G, IndusInd Bank, Apollo Hospital and Godrej Industries were up 3.5-6 pc. However, Amtek Auto, HOEC, Spice Communication, Nagarjuna Fertiliser and Era Infra Engg lost 4-5 pc.

Titan Industries, RNRL, DLF, Reliance Industries, Suzlon Energy, Unitech, Sterlite Industries and ICICI Bank were most active shares on the bourses.
1:13 PM

Mkts volatile; ITC, ONGC, BHEL dip

At 11.20 am, the Sensex was trading with some volatility. Selling pressure was seen in realty, auto, metals, oil & gas and power stocks. However, IT and pharma stocks were witnessing some buying interest.

The BSE midcap and smallcap indices were trading down 0.50 pc each. Infosys, ICICI Bank, L&T, HDFC and Bharti Airtel were the positive contributors to the Sensex while Reliance, ITC, HDFC Bank, ONGC and BHEL were the negative contributors.

The Sensex was up 30.73 points or 0.19 pc at 16247.59, and the Nifty was up 14.10 points or 0.29 pc at 4833.50.

Top gainers on the Sensex were Hindalco at Rs 120.05 up 2.48 pc, TCS at Rs 566.80 up 1.87 pc, Wipro at Rs 554.10 up 1.83 pc, ICICI Bank at Rs 825.30 up 1.20 pc and ACC at Rs 798 up 0.97 pc.

However, top losers on the Sensex were Hero Honda at Rs 1,542.90 down 2.83 pc, Sterlite Ind at Rs 745 down 2.83 pc, Reliance Comm at Rs 298.50 down 1.49 pc, Maruti Suzuki at Rs 1,471.05 down 1.3 pc and DLF at Rs 406 down 0.67 pc.
11:41 AM

Sensex open positive; ICICI, TCS, HDFC gain

The Sensex opened higher and continued its run up for the sixth consecutive day following positive Asian cues.

Among the frontliners, Mahindra & Mahindra, Cairn India, ICICI Bank, TCS, Hindalco, Siemens, HDFC, Reliance Power, DLF, Reliance Infrastructure, Nalco, Infosys and ITC were the gainers.

At 9:57 am, the Sensex was up 84 points at 16,300 and the Nifty up 24 points at 4,843. The CNX Midcap was up 52 points, to 6,271 and the BSE Smallcap up 54 points, to 7,182.

However, ONGC, GAIL, Tata Power, HDFC Bank and Cipla were losers.

Midcap space:Jet Airways was up 3.5 pc, Glenmark was up 2 pc, as its QIP (qualified institutional placement) opened, which is priced at Rs 221/share, according to sources.

Century Textiles, Arvind, House of Pearl and Alok Industries were up 2-5 pc, as Textile Minister said additional $1.5 billion textile exports possible to US and Rs 2,546 crore released under TUFS in single tranche.
10:26 AM

OneIndia News

Please Wait while comments are loading...