Sensex rebounds into the green; IT, metals gain
Mumbai, Nov 16: The Nifty closed above 5,050 level and Sensex ended above the 17,000 mark for the second straight day led by buying in technology, metal, banking and select infrastructure stocks.
The 30-share BSE Sensex closed at 17,050.65, up 18.14 points and the Nifty shut shop at 5062.25, up 4.2 points. Both indices recovered 167 points and 52 points, respectively. The broader indices were also flat.
The benchmark indices started the day on a choppy note but sell-off in oil & gas, telecom and realty kept the markets lower for major part of the session.
Weak
Asian
and
European
markets
also
weighted
on
the
Indian
indices.
Asian
markets
ended
lower;
Nikkei,
Straits
Times,
Kospi
and
Taiwan
Weighted
fell
0.4-0.8
pc.
Hang
Seng
declined
just
0.13
pc
while
Shanghai
and
Jakarta
gained
0.2
pc
each.
4:12
PM
Sensex trading weak; Nifty down by 45pts
At 12:14 pm, the Sensex was trading weak post Reliance Industries AGM. The Nifty lost another 25 points post Mukesh Ambani's speech.
The Sensex was down 102.15 points or 0.60 pc at 16930.36, and the Nifty down 44.55 points or 0.88 pc at 5013.50. About 1260 shares advanced, 1595 shares declined, and 574 shares were unchanged.
In the largecap space, Hero Honda topped the gainers list with 3.09 pc gain. IT majors TCS, Wipro and Infosys advanced around 2 pc each. In metal space, Hindalco Industries was up 1.19 pc.
On
the
losing
side,
DLF
was
down
close
to
3
pc.
Mahindra
and
Mahindra,
Tata
Motors,
ONGC
and
ICICI
Bank
were
down
1.6-1.8
pc.
12:59
PM
Sensex trading lower; SBI, DLF dip
At 10:58 am, the Nifty was hovering around the 5,050 level. Shares of oil & gas, banking, realty, capital goods and power companies were seeing selling pressure while technology, metal, auto and select telecom stocks were witnessing buying interest.
The Sensex was down 21 points at 17,011 and the Nifty fell 9 points to 5,048. The market breadth was positive; about 712 shares advanced while 458 shares declined on the NSE.
Metal stocks like JSW Steel, Sesa Goa, Jindal Saw, Hindalco, Jindal Steel, SAIL, Sterlite Industries and Tata Steel were up 0.7-2 pc.
Infosys, TCS, Tech Mahindra and Wipro gained 1.4-1.6 pc in the technology space. HCL Tech was up 0.72 pc.
ICICI Bank, SBI, Kotak Mahindra and Axis Bank were down 0.9-1.3 pc in the oil & gas pack. HDFC Bank, Bank of Baroda and PNB went down 0.3-0.6 pc.
Oil
&
gas
stocks
like
ONGC,
BPCL
and
GAIL
slipped
1
pc
each.
Reliance
Industries
was
down
0.28
pc.
11:46
AM
Sensex
choppy
in
early
trade;
banks,
realty
dip
The
Sensex
started
the
day
mildly
on
a
positive
note
and
was
trading
in
a
narrow
range,
around
previous
closing
values.
Banking,
realty
and
select
oil
&
gas
stocks
were
under
pressure
while
metals
were
gainers.
At 9:56 am, the Nifty fell 10 points to 5,047 and the Sensex declined just 32 points to 17,001. The broader indices were also flat, as about 422 shares advanced while 310 shares declined on the NSE.
Among the frontliners, ONGC, SBI, ICICI Bank, Unitech, Suzlon Energy, DLF, HCL Tech, Reliance Industries, Idea Cellular and Reliance Capital were seeing selling pressure.
However, Jaiprakash Associates gained 1.7 pc. Infosys, Siemens, Cipla, Ambuja Cements, Tata Steel, Sterlite Industries, SAIL and Jindal Steel & Power were the gainers in the early trade.
Asian
markets
were
trading
weak.
Hang
Seng,
Nikkei,
Taiwan
Weighted,
Kospi
and
Straits
Times
declined
marginally.
Shanghai
and
Jakarta
were
flat.
10:39
AM
OneIndia News