Mumbai, Jan 20: Sensex closes on flat note after undergoing consolidation for major part of the day.
Markets in the early trade were positive owing to good US cues.
After witnessing a day's high of 17,590.59 and low of 17,425.05, Sensex closed at 17,474.49, down 11.57 points.
Nifty closed at 5,221.70, down 3.95 points after seeing an intraday high of 5,256.70 and low of 5,201.40.
Contrary to the huge buying interest in Fertiliser stocks in the first trade, the stocks in the later part of the day was trading in red.
Oil & gas was the major losing sector as the oil marketing companies witnessed huge selling pressure possibly due to huge under recovery.
BPCL tanked 4.5pc. HPCL, ONGC and IOC were down 2 to 3.7pc. GAIL was down 1.22pc. Cairn India and Reliance Industries fell 0.7pc each.
Banking sectore was mixed in trade; ICICI Bank gained 1.59% ahead of its Q3FY10 numbers tomorrow. Bank of Baroda and PNB were up 0.9-1.2% while HDFC Bank and SBI slipped 0.6-1.2%.
Nifty trading in narrow range, RIL most active
Nifty was trading in a narrow range of 5216 to 5240. While buying continued in telecom, power and metal stocks, Realty, cement, oil marketing and select technology companies' shares were under pressure.
The gainers in trade were ICICI Bank, Infosys, Siemens, Maruti, Hero Honda and PNB. However, ONGC, Sterlite Industries, HDFC Bank, Axis Bank, BHEL, Sun Pharma, Ranbaxy and SBI were the other losers.
At 12:48 pm BSE Sensex was trading at 17,502, up 17 points and Nifty was up 1.5 points at 5,227.
In the Largecap space, Bharti Airtel was up 3pc, ICICI Bank, Tata Steel, Maruti Suzuki, NTPC and Siemens gained 1 to 2pc, while Jaiprakash Associates, ONGC, HDFC Bank, Wipro, Sterlite Industries, GAIL and Axis Bank was down 1.5 to 2.7pc. BPCL lost 3.34pc.
In the bourses, the most active shares were Hindustan Copper, Jai Corp, Rashtriya Chemical, Thinksoft, NMDC, ICICI Bank, Reliance Industries and Tata Steel.
Among the Smallcaps, Vikas WSP moved up 19.90pc. Fresenius Kabi, Mount Everest, Visa Steel and Shristi Infra gained 11 to 15pc.
On the other hand, Oil Country, Richa Industries, OCL Iron, JK Lakshmi Cement and Rollatainers lost 4 to 5.5pc.
HDFC reportedly achieved 22.67pc gain in its Q3FY10 net profit of Rs 671 crore and 14.14pc surged in net interest income of Rs 1,001 crore. The stock moved up 0.8pc.
Yes Bank lost 3.3pc. It achieved 19pc rise in Q3 net profit of Rs 125.9 crore and net interest income was up 75.17pc to Rs 210.9 crore from Rs 120.4 crore.
Nifty trading amidst positive bias; tech, metal up
Nifty was trading low owing to selling in FMCG, oil marketing and select technology companies' shares. The other losers at this hour were HDFC Bank, ONGC, Cairn, Axis Bank and Tata Motors.
However, buying continued in telecom, power, metal, realty, select auto and capital goods stocks. Reliance Industries, ICICI Bank and SBI too gainers.
At 10:16 am, Sensex was up 54 points at 17,540 and Nifyt was trading at 5,241, up 16 points. The market breadth at this hour was positive.
In the Largecap space, top gainers were Bharti Airtel up 2.66pc and Siemens up 2.8pc. Reliance Communications, ICICI Bank, Tata Steel, M&M and Cipla on 1 to 1.8pc gain.
The most active shares in the bourses were Hindustan Copper, Rashtriya Chemical, Dredging Corporation, HDIL, Bharati Shipyard, Reliance Industries, Bharti Airtel and Tata Steel.
In the Midcap space, gainers were Jai Corp, National Fertiliser, GNFC, Gujarat Industries Power and KGN Industries with 4.5 to 8 pc rise.
However, MindTree, HMT, Gujarat Flourochem, STC India and Shree Renuka slipped 1.4 to 4pc.
In the samllcap space, Gokul Refoils, Shristi Infra and ABG Shipyard moved up 6.5 to 9pc. On the other hand, Richa Industries, Int Conveyor, OCL Iron, JK Lakshmi Cement and Gujarat Ambuja Exports plunged 2.5 to 5pc.
Asian markets showed weak trades. Shanghai slipped 1pc and Hang Seng lost 1.3pc. Straits Times and Taiwan were marginally in the red, while Nikkei and Kospi were marginally in the green.
Sensex opens on positive note, RIL, Infosys gain
Sensex opened on positive note owing to favorable US cues and recovered the losses on Tuesday, Jan 19.
Market was supported to major extent by buying interest in Buying in telecom, technology, oil & gas exploration, capital goods, realty, select metal and power stocks.
At 9:02 am, the Sensex up 92 points was trading at 17,576 and Nifty was at 5,253, up 27.5 points. The CNX Midcap was up 58 points at 7,830.
Among the forntliners, the gainers were Siemens, Reliance Infrastructure, ICICI Bank, SAIL, NTPC, Bharti Airtel, Infosys, Unitech, Jindal Steel & Power, BHEL, Ranbaxy Labs, Reliance Industries, Reliance Communications and ONGC.
Gaining more than the expected third quarter numbers, wipor was up 1pc.
on the other hand, ITC and HUL slipped over 0.5pc. The other losers in the early trade were Hero Honda and Ambuja Cements.
In the Midcap and Smallcap space:
MindTree gained 1.5% post good set of third quarter numbers.
Supported by the clearance of its Mandideep facility by USFDA, Lupin was up 2.5pc.
MRPL went up 2.8pc on good numbers.
Among the Fertiliser companies, shares like RCF was up 3pc, Madras Fertiliser gained 10pc and FACT moved up 5pc.
Huge buying interest were seen in Gujarat based companies. GNFC was up 6pc, GSFC up 7.6pc, GMDC up 5pc and GSPL up 2pc.
South Indian Bank was up 0.5pc.
Post earnings, ENIL was up 1.9pc. However, Tata Elxsi slipped 2pc and Religare Enterprises lost 1.5pc.
HMT dipped 2.8pc and ITI lost 2pc.
Asian markets were trading mixed. Shanghai and Hang Seng moved down 1pc each. Taiwan lost 0.3pc, while Jakarta and Nikkei gained 0.5pc each. Kospi moved up 0.3pc and Straits Times up 0.12pc.
The US markets closed at fresh 15-month highs after a long holiday and there was no economic data released.