Benchmarks end in red due to profit booking
Mumbai, Sep 14: The markets ended the day lower on back of weak Asian cues and profit booking in telecom, cement, realty, select metal, capital goods and private banking stocks.
BSE Sensex ended the day at 16,214.19 down 50.11 points and NSE Nifty shut shop at 4808.60, down 20.95 points.
However, the broader indices outperformed the benchmark indices, the BSE Midcap Index was up 0.15 per cent and Smallcap Index up 0.46 per cent.
It
was
due
to
the
buying
in
PSU
banking,
auto,
select
technology
and
oil
marketing
companies' shares
that
the
indices
closed
with
modest
losses.
4:21
PM
Realty, IT, metal dip; broader indices flat
At 1.20 pm, Sensex was down 54.51 points or 0.34 per cent at 16209.79, and the Nifty was down 21.10 points or 0.44 per cent at 4808.45. The broader indices were trading flat.
While selling was seen in metal, realty and IT stocks, stocks like Infosys, ICICI Bank, L&T and ONGC were the negative contributors to the markets.
Top losers were Sterlite Ind down 3.55 per cent, Hindalco down 2.58 per cent, DLF down 1.92 per cent, Grasim down 1.78 per cent and ACC down 1.67 per cent. Tech major Infosys was down 0.79 per cent from its previous close of Rs 2,266 and Cigarette major ITC was down 0.77 per cent.
However, top gainers were SBI at Rs 1,954 up 1.83 per cent, M&M up 1.48 per cent, Wipro 1.14 per cent, Jaiprakash Asso up 1.12 per cent and HUL up 1 per cent.
The
top
gainers
among
the
midcaps
were
Spice
Comm,
Monsanto
India,
Nat
Fert,
HMT
and
Kalpataru
Power
up
6-10
per
cent
and
on
the
BSE
Smallcap
the
gainers
were
Provogue,
Rallis
India,
Himatsingka
Sei,
PNB
Gilts
and
Vikas
WSP
up
10
to
14
per
cent.
1:49
PM
Sensex tanks 98 pts, profit booking in IT, realty
While the weak Asian markets continue to weigh on the Indian markets, profit booking in shares of oil & gas exploration, realty, telecom, private financial, cement, metal, power and technology companies was affecting the Sensex.
At 10:54 am, the Sensex was down 98 points at 16,167 and the Nifty was down 27 points at 4,802.
However, the losses were capped to some extent by the buying in Wipro.
In the largecaps, Sterlite Industries, Hindalco, ONGC, DLF, Reliance Communication, NALCO and Unitech were down 1.5 to 3 per cent.
Among the midcaps, HMT, Kirloskar Oil, Andhra Bank, Monsanto India and Kirloskar Brothers gained 3.5 to 7 per cent while REI Six Ten, Emami, Spice Communication, Apollo Hospital and HDIL fell 3.5 to 5 per cent.
In
the
smallcap
arena,
Provogue,
BL
Kashyap,
ITI,
Zandu
Pharma
and
PNB
Gilts
were
up
8.5-12%
while
Rajesh
Exports,
GMR
Industries,
VIP
Industries
and
Geekay
Finance
lost
5
to
6.5
per
cent.
12:08
PM
Mkts open lower on weak Asian cues
Weak Asian cues forced the Indian benchmarks to open lower breaking a six day winning streak. At 9:57 am, the Sensex tanked 70 points, to 16,194 and the Nifty was down 21 points, to 4,808. The CNX Midcap fell by just 8 points, to 6,221.
While SBI, HUL, BPCL, Ranbaxy Labs, Tata Power, BHEL, Wipro, ITC, NTPC and PNB strived to support the markets, Cairn India, Sterlite Industries, Jindal Steel & Power, Nalco, HDFC, DLF, Unitech, ABB, Siemens and TCS were the losers in the early trade.
Among the Midcaps, Jet Airways shot up 4 per cent after the pilots' strike ended, Vijaya Bank was up 2.5 per cent, IOC gained 3 per cent and ITI shot up 10 per cent.
The
losers
were,
HDIL
down
6
per
cent,
Raj
TV
down
5.6
per
cent,
and
IDFC,
UCO
Bank
and
IndusInd
Bank
slipping
over
1
per
cent
each.
10:
18
AM
OneIndia News