Sell-off plunges the markets into closing in red

Subscribe to Oneindia News

Sensex, Nifty: Market Updates
Mumbai, Jan 25: Sell-off along with weak global cues weighed on the markets throughout the session.

Private banking, metal, technology, auto, realty and cement stocks were under pressure forcing the Nifty to see a downtrend for the fifth consecutive session.

On the positive side, buying was seen in FMCG and capital goods stocks, while Bharti Airtel, NTPC, ONGC, SBI and Sun Pharma were among the other top gainers. This capped the losses marginally.

BSE Sensex ended the day at 16,780.46, down 79.22 points while NSE Nifty shut shop at 5007.90, down 28.10 points.
4: 07 PM

Nifty continues downtrend; IT, realty, auto down
While buying in n capital goods and FMCG stocks along with Bharti Airtel, SBI, NTPC, Maruti, Jindal Steel, Sun Pharma and Idea helped Nifty recover half of mornings losses, the benchmark continued its southbound trade on sell off in IT, private banking, realty, cement, power, metal and auto companies' shares along with Reliance Industries.

At 1: 44 pm, BSE Sensex was at 16786, down 72 points and NSE Nifty was trading at 5,005, down 30 points.

Weak Asian and European cues continued to haunt the markets.

The most active shares on the trade were Jai Corp, Hindustan Copper, Rashtriya Chemical, Walchandnagar, Tata Steel, Reliance Industries, Hindalco and L&T.

While L&T, ABB and Siemens gained 0.8 to 1.5 per cent, HUL surged 2 per cent and ITC went up 1.1 per cent among FMGC stock.

Jai Corp up 14.35 per cent was the top gainer among the midcap
s. Jet Airways, Rei Agro, HT Media and Puravankara Projects up 3.5 to 5 per cent were the other midcap gainers.

The midcap losers were Mcleod Russel, Dish TV India, Havells India, REI Six Ten and Gujarat Flourochem down 5 to 7 per cent.


Sical Logistics, BAG Films, Spectacle Industries, Kwality Dairy and English India Cla up 8 to 12 per cent gained in the smallcap arena while Timken, Prime Securities, Nagarjuna Agric, Lok Housing and Richa Industries shed 5 to 5.5 per cent.
2: 38 PM

Benchmarks reel under -ve Asian cues, sell-off
Nifty continued to suffer the sell-off in private banking, technology, realty, cement, power, oil & gas and metal companies' shares and is hovering around the 5k mark.

Both the benchmarks were hit by the negative Asian cues.

At 11: 40 am, BSE Sensex was trading at 16,778, down 81 points and NSE Nifty was at 5,004, down 31 points.

Among the largecaps, HCL Tech down 5.3 per cent, Suzlon Energy, Jaiprakash Associates, Ambuja Cements, Infosys, HDFC Bank, Tata Steel and DLF down 1.8 to 2.8 per cent were the top gainers.

The gainers among the midcaps were Jai Corp up 13.7 per cent, Puravankara Projects, Ispat Industries, Carborundum and Shriram City up 3.3 to 3.8 per cent while the losers were Dish TV India, Mcleod Russel, Gujarat Flourochem, Havells India and KGN Industries down 5 to 6.7 per cent.

In the smallcap arena, the gainers were BAG Films, VIP Industries, Kwality Dairy, Walchandnagar and Marathon Nextgen up 6.5 to 9 per cent.

The smallcap losers were Lok Housing, Richa Industries, OCL Iron, Aditya Birla and Entegra down 4.5 to 5 per cent.
12: 22 PM

Mkts open in red on weak global cues and sell-off
On weak global cues, Nifty opened the day on a weak note slipping below the 5k mark in early trade.

Sell off continued for the fifth session with technology, banking, metal, realty and power stocks along with heavyweight Reliance Industries reeling under pressure.

However, FMCG and select cement stocks were trading in the positive territority.

At 9:02 hours IST, BSE Sensex was trading at 16,787, down 72 points and BSE Nifty was at 5,008, down 27 points.

The CNX Midcap shed 24 points to 7,450.

HCL Tech lost 5 per cent on disappointing Q2 numbers.

HDFC Bank, Infosys, Ambuja Cements, Sun Pharma, Wipro, Cairn, Axis Bank, Siemens, Power Grid, TCS, Hero Honda (ahead of numbers) and Sterlite Industries (ahead of numbers) were the other frontline losers.

On the positive side, buying interest was seen in Maruti (up 1.6 per cent on good numbers), L&T, Grasim, Idea Cellular, NTPC, ITC and SBI.

In the midcap and smallcap arena, Crompton Greaves surged 4 per cent as it considers bonus issue. On good numbers, Ispat Industries gained 3 per cent.

Tech Mahindra fell 7 per cent post Q3 numbers. NMDC lost 1 per cent. Punj Lloyd fell 1.7 per cent on disappointing numbers.

KCP sugar, Shree Renuka Sugars, Bajaj Hindusthan, Jay Shree Tea and Mcleod Russel were the early losers.
9: 34 AM

OneIndia News

Please Wait while comments are loading...