Mumbai, Jan 8: After hovering around the previous close during the whole session, Sensex shut shop marginally lower. Profit booking in IT (ahead of Infosys' quarterly numbers), telecom, metal, oil & gas exploration and select banking & financial companies' shares put pressure on the markets.
However, the losses were capped marginally by buying in capital goods, power, pharma, realty and FMCG stocks.
The 30-share BSE Sensex ended at 17,540.29, down 75.43 points or 0.43 per cent. The 50-share NSE Nifty was down 0.35 per cent or 18.35 points, to settle at 5,244.75.
Broader indices outperform benchmarks
Sensex is trading quiet hovering around its previous closing value. At 2: 02 pm, Sensex was trading at 17,596, down 19 points and the Nifty was at Rs 5,259, down 4 points.
HDFC, ICICI Bank, SAIL, Sterlite, Maruti, Reliance Communication, Hero Honda, M&M and Jindal Steel were among the losers.
IT stocks continue to dip ahead of Infosys quarterly numbers.
Markets were gaining some support from buying in capital goods, power, oil & gas, realty, pharma and select banking stocks.
The broader indices continued to outperform the benchmark indices, up 0.8 to 1.3 per cent.
DLF, Unitech and Indiabulls Real were up 3 to 4.4 per cent in realty.
In oil & gas stocks, HPCL, IOC, BPCL and GAIL gained 1.5 to 2 per cent, while ONGC and Reliance Industries rose 0.3 to 0.5 per cent.
On announcement of NTPC's follow-on offer date, Power stocks were witnessing buying interest. GVK Power, Neyveli Lignite, Torrent Power, Suzlon Energy, Reliance Infrastructure, GMR Infra, Reliance Power, Lanco Infratech and Tata Power gained 0.5 to 3 per cent.
English India Clayton, Dr Agarwals Eye, Kaycee Industries, Piccadilly Agro, Kinetic Motor, Cords Cable Ind and El Forge were locked at 20 per cent upper circuit.
Among the other top percentage gainers were Sical Logistics and Patel Integrated up 15 to 17 per cent.
2: 29 PM
Sensex rangebound; RIL, HDFC, Maruti dip
Sensex is trading rangebound, between 17,580-17,650. Technology and metal stocks followed by Reliance Industries, Maruti, Hero Honda, HDFC, ICICI Bank, Cairn and Reliance Communications are witnessing selling pressure.
However, on the positive side, buying was seen in capital goods, power, realty, pharma and select FMCG stocks. ONGC, Tata Motors, Grasim, BPCL and Bharti Airtel were among the other gainers.
At 11: 15 am, the BSE Sensex was trading at 17,617, up 1.5 points and NSE Nifty was at 5,264, up 1.5 points.
The BSE Midcap Index was up 0.9 per cent and the Smallcap was up 1.3 per cent.
Technology stocks continued to plummet ahead of the Infosys numbers. HCL Tech, Infosys, Wipro, Patni Computer and TCS were down 1 to 2.8 per cent.
In the metal space, Hindustan Zinc, JSW Steel, Sterlite Industries, Sesa Goa, Jindal Saw, Jindal Steel, SAIL and Tata Steel were down 0.6 to 1.9 per cent.
However, capital goods and power stocks were trading up.
Siemens and ABB gained 2.5 per cent each. Punj Lloyd, L&T and BHEL rose 1 to 1.6 per cent.
In the power pack, Neyveli Lignite, GVK Power, Suzlon Energy and NTPC moved up 2 to 2.6 per cent. Adani Power, Reliance Power, Lanco Infratech, Reliance Infrastructure, Tata Power, GMR Infra, Power Grid Corp and were up 0.4 to 1 per cent.
Up by 15 to 20 per cent, the top percentage gainers were Damodar Threads, Eastern Gases, El Forge and Kinetic Motor, IOL Netcom, Sundrmbrak and Blue Star Info.
11: 39 AM
Mkts open marginally up; power, auto, pharma up
After weak global cues and sell off forced Sensex to break its four day winning streak, the benchmark bounced back on the back of buying in power, capital goods, pharma, auto, realty and telecom stocks on Friday, Jan 8.
At 9:02 am, BSE Sensex was trading at 17,647, up 32 points and NSE Nifty was at 5,269, up 7 points.
The CNX Midcap was up 32 points at 7,658.
Siemens, NTPC, ABB, L&T, Suzlon, Power Grid, Maruti, ONGC, HDFC, Jaiprakash Associates, Unitech, Bharti Airtel and HUL were the early frontline gainers.
However, Wipro, TCS and Infosys were down for third straight day ahead of Infosys numbers. RIL, Hindalco and Tata Steel were on the losing side.
The gainers among the midcaps were Alok Industries, Arvind and S Kumars up over 1 per cent, Sona Koyo up 5 per cent, Ucal Fuel up 3 per cent, Blue Star up 4 per cent, Rana Sugars up 8 per cent and GMDC up 3 per cent.
Ahead of numbers, IFCI, Bajaj Hindusthan and Motilal Oswal were up 1 to 1.7 per cent.
9: 47 AM