Sell-off forces Nifty to end below 5k mark
Mumbai, Dec 18: For the first time in fifteen sessions, Nifty ended the day below the psychological 5000 mark on sell-off was seen across all the sectors barring pharma and auto. Besides this, both the benchmarks shrugged off positive global cues.
The 30-share BSE Sensex shut shop at 16,719.83, down 174.42 points or 1.03 per cent and the 50-share NSE Nifty fell 1.07 per cet or 54.05 points, to end at 4,987.70.
The broader indices also ended lower. The BSE Midcap Index was down 0.66 per cent and Smallcap down 0.4 per cent.
Realty, oil & gas, banking and FMCG were the major losers.
Heavyweight Reliance Industries slipped 2.28 per cent and GAIL was down 2.15 per cent. IOC declined 1.78 per cent and ONGC was down 1.18 per cent. BPCL was down 0.53 per cent.
Tata Motors, TCS, HCL Tech, Wipro, Sun Pharma, Ranbaxy, Hero Honda and Cipla were the only onces trading in green.
Reporting
62
per
cent
sales
growth,
Tata
Motors
gained
3
per
cent.
4:23
PM
Nifty breaks 5k mark on sell-off in FMGC, cement
Led by selling in oil & gas exploration, telecom, FMCG, capital goods, cement, banking & financial and select metal companies' shares, Nifty broke the psychological 5,000 mark.
The markets still continue to see volatility.
At 2: 10 pm, BSE Sensex was trading at 16,743, down 150 points and BSE Nifty dipped 49 points to 4,992.
On
the
positive
note,
buying
continued
in
Wipro,
Tata
Motors,
TCS,
Sun
Pharma,
HCL
Tech,
Hero
Honda,
Cipla,
Ranbaxy
Labs
and
Tata
Steel.
2:
31
PM
Nifty rangebound; Infosys, HDFC, Maruti lose
For the second consecutive day, Nifty continues to be rangebound. Benchmarks were trading on the lower side. The broader indices were outperforming the benchmark indices.
Oil & gas, cement, private banking and select telecom stocks were reeling under pressure. Infosys, HDFC, HUL, L&T and Maruti were among the other losers.
At 12: 20 pm, the BSE Sensex slipped 44 points to 16,850 and NSE Nifty shed 14 points to 5,027. The BSE Midcap index was up 0.2 per cent and the Smallcap up 0.8 per cent.
However, buying was seen in metal, technology, power, pharma and auto stocks along with heavyweights SBI and BHEL.
Among the largecaps, Tata Motors and Wipro gained 3% each. Sun Pharma, M&M, Tata Steel and HCL Tech were up 1 to 2 per cent, while Infosys, HDFC, Maruti Suzuki, ACC, HDFC Bank, Idea Cellular, GAIL and Unitech lost 0.7 to 1.9 per cent.
Surging
13
to
19
per
cent,
the
top
percentage
gainers
were
Greenply
Industries,
PAE,
Sterling
Inter,
Shilp
Gravures,
Goa
Carbon,
Hilton
Metal
and
Vardhman
Poly.
12:
42
PM
Mkts open lower on -ve global cues; DLF, ICICI dip
The Indian markets opened lower on weak global cues. Benchmarks are trading amid volatility for the second day.
At 9:56 am, BSE Sensex was trading at 16,845, down 49 points and NSE Nifty was at 5,023, down 18 points.
Private banking, realty, select metal and telecom stocks were down while select technology stocks were trading in green.
The losers among the frontliners were DLF, ICICI Bank, Reliance Communications, Sterlite Industries, Unitech, Maruti Suzuki, Hindalco, HDFC Bank, Axis Bank and Idea Cellular.
The gainers were Wipro, Suzlon Energy, HCL Tech, Tata Motors (on positive report from JP Morgan) and BHEL.
Among midcaps, Omaxe fell 3.6 per cent, Great Offshore lost 2 per cent to Rs 500, Vijaya bNak, Dena Bank and IDFC were down nearly 1 per cent. Reliance Media World fell 1.5 per cent; declined below Rs 100.
Rama Newsprint surged 5 per cent, WWIL shot up 5 per cent, Sona Koyo was up 5 per cent and Amtek Auto went up 1.5 per cent.
US
markets
ended
lower
as
European
regulators
proposed
stricter
capital
rules
for
banks
and
Asian
markets
were
trading
lower
leading
to
negative
global
cues.
10:
31
AM
OneIndia News