Mumbai, Oct 29: Fall in the US and Asian markets along with continual sell off forced the Indian markets to end in red on the F&O expiry date. The BSE Sensex ended at 16,052.72, down 230.77 points while NSE Nifty shut shop at 4750.55, down 75.60 points.
Infrastructure, metal, telecommunication and select technology weighed on the markets throughout the session. Slipping about 2 per cent, Index heavyweight Reliance Heavyweight exerted preessure on the Nifty.
However, ONGC, M&M, HUL, HDFC, Ranbaxy Labs, BPCL, Sun Pharma, ITC and Idea Cellular were trading on the positive side.
4: 30 PM
Mkts trading lower; RCom, Tata Motors, BHEL lose
Despite recovering most of its early losses, Sensex was still trading lower. While an uptrend was seen in cement, FMCG, oil marketing and select pharma stocks; ONGC, HDFC, HCL Tech, Tata Power and Power Grid reduced their losses.
However, shares of apital goods, banking, telecom, metal, auto, realty, select power and technology companies were still trading lower.
At 1: 31 pm, the Sensex was down 170 points to 16,112 and the Nifty fell 49 points to 4,776. The broader indices dipped over 1 per cent.
In largecaps, DLF, Reliance Communication, Jaiprakash Associates, Tata Motors, BHEL, Unitech and Jindal Steel lost 3 to 4.5 per cent.
The gainers were HCL Tech up 4.83 per cent, Ranbaxy Labs, BPCL, Ambuja Cements, Sun Pharma and HUL up 1.9 to 3.8 per cent, ONGC, Tata Power and HDFC up 0.8 to 1.3 per cent.
Among midcaps, AstraZeneca, Birla Corp, Puravankara Projects, Sun Pharma Advanced and Berger Paints gained 5 to 7 per cent. The losers were OB down 6.67 per cent, Indiabulls Real, Tata Chemicals, BEML and Triveni Engg dipped 5.5 to 6 per cent.
In smallcaps, PNB Gilts surged up 19.96 per cent, Nahar Spinning, Prime Securities, Raj Oil Mills and Madhucon Projects gained 6.5 to 10 per cent. However, Modern India, Dalmia Cement, Transport Corp, Money Matters and Shree Ram Urban lost 6 to 8.5 per cent.
2: 25 PM
Sell-off, weak global cues weigh mkts down
Even though weak global cues and sell off continued to weigh on the markets, Nifty recovered some its early losses. At 11: 14 am, Sensex lost 180 points to 16,103 and the Nifty shed 54 points to 4,771. The broader indices were down 1.3 per cent each.
Selling continued in banking, realty, auto, capital goods, technology, telecom, power and metal stocks and Reliance Industries was down over 0.5 per cent. However, ONGC, HUL, HDFC, BPCL, GAIL, Ranbaxy Labs, Sun Pharma, HCL Tech, Grasim and Ambuja Cements capped the gains marginally.
Except FMGC all sectoral indices were in red. BSE Realty, Metal and Auto indices slipped 2 to 3.5 per cent.
In the technology and telecom segments, Tata Communication, Reliance Communication, Tata Teleservices, Bharti Airtel, Idea Cellular, MTNL, Tech Mahindra, Infosys and TCS plunged 1 to 4 per cent.
Among midcaps, Puravankara Projects, Wockhardt, State Bank Mysore, Voltas (ahead of numbers) and Sun Pharma Advanced gained 3 to 5.5 per cent while BEML, Everest Kanto, KGN Industries, Triveni Engg and Blue Dart fell 4.5 to 6 per cent.
In the smallcap arena, Nahar Spinning, Sanghi Industries, Prime Securities, Panyam Cements and Raj Oil Mills went up 6 to 10 per cent while Money Matters, Balaji Telefilm, Brigade Enterprises, Shree Ram Urban and Elecon Engg lost 5 to 6 per cent.
12: 18 PM
Ahead of F&O expiry, mkts open lower on sell-off
Ahead of the F&O expiry, the Indian markets opened lower on the back of sell-off across the globe and are currently trading amid volatility.
At 9:56 am, NSE Nifty shed 61 points at 4,764 while BSE Sensex tanked 207 points at 16,075. The CNX Midcap slipped 115 points to 6,545.
Among the fronliners were Unitech, DLF, ICICI Bank, Suzlon Energy, Sterlite, Cairn, Infosys, SBI, Reliance Communication, Reliance Power, Jaiprakash Associates and Reliance Infrastructure were the early losers, while HUL, ITC, Ambuja Cements and ONGC were supported the markets.
10: 20 AM