Nifty closes 22 pts down

Written by: Super Admin
Subscribe to Oneindia News

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

Please Wait while comments are loading...