Sensex ends marginally lower; SBI, ICICI dip

Mumbai, Nov 18: The Sensex closed marginally lower, after seeing consolidation throughout the session.

The sell-off in heavyweights like Reliance Industries, SBI, ICICI Bank, L&T, TCS, SAIL and Bharti Airtel forced the Sensex to close just below the 17,000 level.

The Sensex closed at 16,774, down 76 points and the Nifty fell 10 points to 5,051, as per provisional data.

Buying in realty, select FMCG, telecom, pharma, metal and power stocks along with Infosys capped the losses to some extent.

The broader indices outperformed the benchmark indices due to rally in shipping and technology shares. The BSE Midcap Index was up 0.1 pc and Smallcap up 0.7 pc.
4:06 PM

Nifty flat; oil & gas, capital goods dip

At 1:03 pm, the Sensex was not showing any decisive breakout either side. It was hovering around its previous closing value. Some buying was seen in technology, realty, metal, pharma and FMCG stocks.

However, capital goods, oil & gas, and banking stocks were trading weak.

The Sensex was down 2.84 points or 0.02 pc at 17047.81 while the Nifty was up 2.50 points or 0.05 pc at 5064.75. About 1,769 shares advanced while 1,086 shares declined. Nearly 574 shares were unchanged.

Infosys, ITC, HDFC Bank, ONGC and TCS were positive contributors to the Sensex while Reliance, ICICI Bank, L&T, HDFC and SBI were the negative contributors.
1:43 PM

Nifty trading marginally higher; tech, realty up

At 10:57 am, the Nifty was trading marginally higher amid choppiness, led by buying interest in technology, metal, realty, telecom, pharma and select infrastructure stocks.

The Sensex was up 40 points at 17,091 and the Nifty gained 15 points at 5,077. The broader indices rose nearly 1 pc each, as the market breadth was positive.

About 1,806 shares advanced while 999 shares declined on the BSE. Nearly 624 shares were unchanged.

However, continued selling in Reliance Industries, L&T, ICICI Bank, SBI, Sterlite Industries, Reliance Infrastructure, HDFC and Ambuja Cements limited the gains to some extent.

Infrastructure stocks like Reliance Power, BHEL, Tata Power, Jaiprakash Associates, Suzlon Energy, Power Grid, Siemens and ABB were gainers.

Realty stocks like DLF and Unitech were up 1-1.5 pc. SAIL, Jindal Steel and Tata Steel moved up 1.3-1.8 pc in the metal pack.
11:49 AM

Sensex choppy in early trade; banks, L&T dip

The Sensex started the day with a negative bias amid volatility. Banking, cement, realty and select infrastructure stocks were seeing some selling pressure.

At 9:56 am, the Sensex fell 57 points to 16,992 and the Nifty was down 17 points to 5,045. However, the CNX Midcap gained 15 points at 7,180. About 558 shares advanced while 281 shares declined on the NSE.

Among the frontliners, Hero Honda, Maruti, SBI, ICICI Bank, Tata Steel, Unitech, DLF, Jairprakash Associates, PNB, Grasim, HDFC, Reliance Capital, NTPC, Reliance Infrastructure, Ambuja Cements, L&T and BHEL were the losers in the early trade.

Reliance Industries was marginally in the green. Infosys was up 1.5 pc. IDFC rose 1.8 pc. Bharti Airtel, Cipla, Cairn, Sun Pharma, Wipro, TCS and Jindal Steel were up 0.8-1 pc.

Asian markets were trading mixed. Hang Seng, Nikkei, Jakarta and Straits Times were down 0.4-0.9pc. However, Kospi, Shanghai and Taiwan Weighted gained 0.3-0.8 pc.
10:31 AM

OneIndia News