Sell-off, weak global cues drag mkts down

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Sensex, Nifty: Market Updates
Mumbai, Oct 28: Weak global cues and sell-off weighed on the markets for the second consecutive day leading to the indices ended lower.

While the 50-share NSE Nifty shut shop at 4826.15, down 0.42 per cent or 20.55 points, the 30-share BSE Sensex tanked 69.91 points or 0.43 per cent, to end the day at 16,283.49.

Sell-off was seen in sell-off in shares of private banking and financial, power, metal, cement, select auto and oil & gas stocks. However, the losses were capped to some extent by the buying in realty, technology, pharma and PSU banking stocks along with index heavyweights Reliance Industries and Bharti Airtel.

Volumes remained above the Rs 1 lakh crore mark. Total traded turnover was at Rs 1,30,214.03 crore as against Rs 1.47 lakh crore on Tuesday, Oct 27.
4: 28 PM

Mkts slip; selling continues in FMGC, power, metal

At 1:30 pm, Sensex was down 98 points at 16254, and the Nifty was down 26 points at 4820.

Banking and financial, metal, power, FMCG, cement and select auto stocks witnessed continual selling. However, buying was seen in Reliance Industries, Bharti, Wipro, L&T, Infosys, JSPL, Tata Motors, Cipla, PNB and Ranbaxy Labs.

The top gainers on Sensex were Bharti Airtel up 4.58 per cent, Tata Motors up 2.39 per cent, L&T and Wipro were up 2 per cent each.

The recently listed Thinksoft Global shot up 7 per cent. The stock which entered the markets on Monday, Oct 26 has gained over 60 per cent.

Among the midcaps, BF Utilities, Balrampur Chini, Kansai Nerolac, Deccan Chronicle and Ipca Labs were up 5 to 8 per cent. Everest Kanto was down 11 per cent. KGN Industries, Sintex India, IDBI Bank & Apollo Tyres fell 3 to 5 per cent.

In the smallcaps, Hexaware Tech, Oil Country, Lakshmi Machine, KRBL & Agro Tech Foods gained 6 to 10 per cent while Manappuram, Panyam Cements, Arshiya Intl, Resurgere Mines & Shristi Infra sliiped 5 to 12 per cent.
2: 20 PM

Mkts bounce back on buying in RIL, L&T, Wipro

Buying in heavyweights Reliance Industries, Bharti Airtel, L&T and Wipro helped the markets recover from early losses. However, the indices are trading amid volatility. The broader indices also recovered from the day's low and were trading flat.

At 12: 11 pm, Nifty turned back above 4,850 level rising by 10 points to 4,857 and the Sensex was up 26 points at 16,379.

Among the largecaps, Bharti Airtel surged 4.58 per cent. Tata Motors, L&T, Wipro, Reliance Industries, M&M and Ranbaxy Labs gained 2.5 to 3.5 per cent. The losers were Maruti Suzuki, Sterlite Industries, Sun Pharma, HDFC Bank, ITC, Suzlon Energy and SAIL down 2 per cent each.

Thinksoft, Reliance Industries, SBI, Sesa Goa, ICICI Bank, Unitech and Tata Steel were most active shares on the markets.

Among the midcaps, Kansai Nerolac, Balrampur Chini, Alfa Laval, Ipca Labs and BF Utilities gained 5 to 7 per cent while Everest Kanto, KGN Industries, Sintex India, Puravankara Projects and Asian Star fell 4 to 11 per cent.

In the smallcap arena, Hexaware Tech shot up 13.59 per cent. Agro Tech Foods, KRBL, Shriram EPC and Lakshmi Machine moved up 6.5 to 7 per cent. Hatsun Agro, TIL, Bartronics, Kanani Industries and Rollatainers declined 5 to 12 per cent.
12: 47 PM

Mkts open weak on sell off in realty, auto

The Indian markets have opened the day on a negative note on weak global cues and sustained sell off in realty, banking, metal, auto and select telecom stocks.

At 9:56 am, the Nifty fell 29 points to 4,817 and the Sensex lost 95 points to 16,257. The CNX Midcap was down just 15 points to 6,607.

However, buying was seen in heavyweight like Reliance Industries, NTPC and L&T.

The early losers among the frontliners were Unitech, ICICI Bank, Sun Pharma, Suzlon Energy, DLF, Tata Steel, Sterlite Industries, Ranbaxy Labs, SBI, Reliance Communications, Hero Honda, Axis Bank and HDFC.

Cipla was up ahead of numbers. PNB, Reliance Industries and HCL Tech gained.

Among midcaps, Punj Lloyd was up over 1 per cent, after two days of sell-off. On disappointing numbers Everest Kanto and Firstsource declined. Orbit Corporation and Puravankara Projects lost 5 per cent.

While Hexaware was up 6 per cent, Thinksoft Global which was up 8 per cent.
10: 25 AM

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