Nifty closes 22 pts down
Mumbai, Dec 11: The Sensex closed at 17,095, down 93 points and the Nifty was at 5,112, down 22 points.
The impact of IIP data continued and Nifty ended below the expected IIP (index of industrial production) data when the market closed.
Prior to the IIP data announcement, Nifty hit the the 18 month high of 5,182.55, but retraced and the market turned cautious with negative bias.
Sensex
ended
at
17,095,
down
93
points
and
the
Nifty
was
at
5,112,
down
22
points
4:14
PM
Nifty
slips
below
5100;
banking,
pharma
dip
After
hitting
2009
high
of
5,182.55
Nifty
slipped
below
51,00.
The IIP data triggered sell-off in the market with Banking, Pharma, Realty, FMCG, Oil & Gas and Metal sector were trading lower after gaining when the Sensex opened.
However, Consumer Durable, IT, Power, Capital Goods and Auto space witnessed buying interest.
At 1:07 pm Sensex was down 104.98 points or 0.61% at 17084.33, and the Nifty slipped 41.35 points or 0.81% at 5093.30.
In the Nifty largecaps, BHEL, ABB, Jindal Steel, Grasim and SAIL up 0.5 to 2pc were gainers while Idea Cellular, Bharti Airtel, Suzlon Energy, Unitech and DLF were down 2 to 3pc.
In the banking space, IDBI Bank, Oriental Bank, Allahabad Bank, Bank Of Baroda and Canara Bank declined 2 to 3pc.
In the pharma space, midcap pharma stocks were buzzing despite the largecaps struggling to get back in green.
In the BSE midcap, top gainers Jain Irrigation, Prakash Inds, Andrew Yule, Alstom Projects and Phoenix Mills shot up to 7pc.
National Fertilisers, United Breweries, Bank of Maharashtra, Dena Bank and IDBI Bank slipped 3-4% and became the top losers on the BSE Midcap.
On
BSE
smallcap
space,
top
gainers
were
Raj
Oil
Mills,
Hind
Nat
Glass,
Shoppers
Stop,
RSWM
and
Vesuvius
India
were
up
6
to
11pc,
while
top
losers
were
Gokul
Refoils,
Dhanuka
Agritech,
Geojit
BNP,
Ahmednagar
Forgings
and
Maharashtra
Ele
with
5
to
6pc
lost.
2:10
PM
Nifty hits 5,182.55; retraces post IIP data
Nifty retraces post IIP data after hitting 2009 high of 5,182.55.
At 12:05 pm, Sensex was up 57 points at 17,246 and Nifty was at 5,149, up 14 points.
Oct IIP index was at 10.3pc as against 9.6pc in Sep and 0.1pc in Oct 2008.
Telecom stocks which was the when the market opened underwent pressure along with banking and select infrastructure stocks.
Metal stacks retained buying interest with technology and BHEL.
In the largecap space, , ITC, ICICI Bank, M&M, HDFC Bank, Ambuja Cements, Idea Cellular, BPCL and Cairn India declined 1 to 2pc. However, BHEL, Infosys, Tata Motors, Tata Steel, Reliance Industries, Jindal Steel, ABB, SAIL and Maruti Suzuki gained 0.3 to 1.5pc.
Among the midcaps, gainers were Prakash Industries, Andrew Yule, Cadila Health, Jain Irrigation and OnMobile Global wereup 3.8 to 7.5pc, while United Breweries, Rei Agro, IDBI Bank, National Fertiliser and Shree Renuka fell 2.5 to 3pc.
In
the
smallcaps
space,
Raj
Oil
Mills,
Shoppers
Stop,
Hindustan
Nat
Glass,
Vesuvius
India
and
GSS
America
went
up
5-10%
while
Gokul
Refoils,
Geojit
BNP,
Dhanuka
Agri,
OCL
Iron
and
Jindal
Worldwide
lost
5-6%.
1:00
PM
Nifty up 35 pts; telecom, metal gain
Sensex opened on a positive note, with continues gains for the second day and Nifty traded near its intermediate highs owing to positive global.
At 9:56 am, Nifty was up 35 points at 5,170 and Sensex surged 126 points at 17,315.
Realty, telecom, metal and auto stocks were the gainers in the early trade.
The frontline gainers were Reliance Communications, Idea Cellular, Jindal Steel, Tata Steel, Hindalco, SAIL, DLF, Bharti Airtel, Unitech, Hero Honda, M&M, Tata Motors and Maruti. Cox & Kings gained 15pc.
In the midacp space, Viceroy Hotels surged 10pc, FCS Software shot up 5pc, Indowind Energy rose 4pc, Chambal Fertiliser, RCF and Nagarjuna Fertiliser gained 1-3pc each.
In
the
Commodities,
crude
oil
was
down
0.2pc
at
$70.54/bbl
for
seventh
session,
crude
prices
were
down
10pc
in
6
sessions,
gold
was
up
0.5pc
at
$1135/ounce,
Copper
was
down
2pc
at
6810/tonne.
10:40
AM
OneIndia News