Sensex ends flat; FMCG, ICICI dip
Mumbai, Dec 3: The Sensex wiped out early gains in the last of hour trade and closed on a flat note for the second consecutive day, after a volatile trade.
The Sensex closed at 17,158, down 11 points and the Nifty was at 5,122, down 1 point, as per provisional data.
The sell-off in heavyweights like Reliance Industries, ICICI Bank, HUL, Infosys, HDFC, ITC and DLF hammered the Nifty to close just near to previous day's closing value.
However, buying interest remained in telecom, metal, cement, select pharma, oil & gas and technology stocks, which capped all the losses.
Asian markets ended higher; Nikkei shot up 3.8%. Hang Seng, Jakarta and Kospi were up 1-1.5%. Shanghai, Straits Times and Taiwan were flat.
Global
cues
were
positive
today.
European
markets
were
trading
0.8-1%
higher
and
US
index
futures
gained
0.5%
each,
at
the
time
of
closing
of
Indian
equities.
4:08
PM
Sensex trading higher; ACC, Cipla top gainers
At 11:57 am, continuous buying in oil & gas, banking, technology, cement, realty, metal and select infrastructure stocks was helping the Sensex to maintain early gains.
The Sensex was up 116.54 points or 0.68 pc at 17286.45, and the Nifty was up 39.90 points or 0.78 pc at 5163.15. About 1944 shares advanced, 907 shares declined, and 583 shares were unchanged.
In the largecap space, Cipla was the top gainer on the Nifty with 3 pc gain. Reliance Capital, ACC, Reliance Power, Hindalco and Grasim were up 2.5-2.7 pc each. On the losing side, Tata Motors, Cairn India, IDFC, Larsen and Infosys were down 0.1-2 pc.
Asian
markets
were
trading
higher
barring
Shanghai.
Nikkei
shot
up
3.8
pc
and
Kospi
was
up
1.5
pc.
Hang
Seng
and
Jakarta
were
up
0.5
pc
each.
Straits
Times
and
Taiwan
were
marginally
in
the
green.
However,
Shanghai
lost
0.65
pc.
1:19
PM
Nifty trading above 5,150; telecom, realty up
At 10:56 am, the Nifty moved up further and was trading above the 5,150 with gains of around 30 points.
The Sensex was trading at 17,296, up 126 points and the Nifty was at 5,158, up 35 points.
The broader indices were outperforming the benchmark indices, up 1-1.3 pc. The market breadth was positive; about 1,917 shares advanced while 896 shares declined. Nearly 620 shares were unchanged.
Buying continued in technology, telecom, FMCG, banking, realty, select metal and infrastructure stocks. However, selling was seen in Tata Motors, SAIL, ACC and Ambuja Cements.
In the midcap space, Allcargo Global, KGN Industries, Sobha Developer, Jet Airways and IndusInd Bank were up 4-6 pc while Indiabulls Financial, Jain Irrigation, HSBC Invest, Dena Bank and Pantaloon Retail fell 1.5-3 pc.
In
the
smallcap
space,
Tata
Elxsi
shot
up
13.5.
OCL
Iron,
Elpro
Int,
Sanwaria
Agro
and
Action
Construction
went
up
8-10
pc.
However,
JMD
Telefilms,
EIH
Associated
Hotel,
Swaraj
Mazda,
Piramal
Glass
and
Zenith
Infotech
lost
4-5
pc.
12:05
PM
Sensex trading marginally higher; tech, realty up
The Sensex resumed uptrend after a day of consolidation and was trading around 17,250 level.
Telecom, realty, oil & gas exploration, metals and select technology stocks were seeing buying interest.
At 9:56 am, the Nifty was up 20 points at 5,143 and the Sensex gained 76 points at 17,246. The CNX Midcap rose 47 points to 7,354. About 600 shares advanced while 120 shares declined on the NSE.
Among the frontliners, Unitech, Reliance Power, Bharti Airtel, Sterlite Industries, Idea Cellular, Hindalco, Reliance Communications, SAIL, Wipro and HCL Tech were witnessing buying interest.
However, Tata Motors, Ambuja Cements, TCS and Infosys were losers in early trade.
Asian
markets
were
trading
mixed.
Nikkei
was
up
2.7%
as
Yen
declined.
Kospi
and
Hang
Seng
were
up
0.5%
each.
However,
Shanghai
fell
0.4%.
Straits
Times
and
Taiwan
Weighted
were
flat.
10:11
AM
OneIndia News