Nifty ends flat on weak Asian cues; Infy, SBI dip
Mumbai, Feb 1: The Nifty closed the first session of Feb month on a flat note on weak Asian cues.
The 30-share BSE Sensex closed at 16,356.03, down 1.93 points, after seeing an intraday high of 16,422.40 and low of 16,160.80.
The 50-share NSE Nifty touched an intraday high of 4918.80 and low of 4827.15, before closing the session at 4899.70, up 17.65 points.
The broader indices outperformed the benchmark indices, as about 2191 shares advanced while 755 shares declined on the BSE.
Nearly 189 shares remained unchanged. The BSE Midcap Index was up 1.81 pc and Smallcap up 2.72 pc.
Buying was seen in oil & gas, telecom, auto (post monthly sales numbers), pharma, select infrastructure, technology and metal stocks.
Jindal Steel, GAIL and Idea Cellular were the other big gainers, which shot up 4 pc each.
However,
selling
in
NTPC,
SBI,
HDFC
Bank,
Infosys,
ITC,
HUL,
Cairn,
SAIL,
L&T,
PNB,
Tata
Power
and
Reliance
Capital
limited
the
gains
as
well
as
aided
to
the
volatility.
4:26
PM
Nifty
tests
4900
mark;
realty,
metal
gain
At
12.44
pm,
the
Nifty
tested
the
4900
mark
and
was
volatile
in
trade.
The Sensex was up 3.94 points or 0.02 pc at 16361.90, and the Nifty was up 13.60 points or 0.28 pc at 4895.65.
About 2146 shares advanced, 735 shares declined, and 254 shares were unchanged.
Buying was seen in consumer durables, realty, metal, pharma and auto stocks. Selling pressure was seen in IT and FMCG stocks.
In the largecap space, BPCL was the top gainer on the Nifty with close to 7 pc gain. Jindal Steel, Unitech, Grasim and Axis Bank were up 2-5 pc.
On
the
losing
side,
Infosys,
HUL,
Reliance
Capital,
Hindalco
and
TCS
were
down
1-3
pc.
1:40
PM
Nifty
volatile
with
negative
bias;
TCS,
SBI
dip
At
11:30
am,
the
Nifty
was
trading
marginally
lower
amid
volatility
but
was
holding
the
4850
level.
The 30-share BSE Sensex was trading at 16290, down 67 points and the Nifty was at 4874, down 7.6 points.
The broader indices were outperforming the benchmark indices. The BSE Midcap index was up 1.3 pc and the Smallcap was up 2.3 pc.
The market breadth was in favour of advances; about 2062 shares advanced while 812 shares declined on the BSE. Nearly 261 shares were unchanged.
Telecom, realty, pharma, auto, oil marketing and select metal companies' shares were seeing buying interest.
However,
the
sell-off
in
Infosys,
TCS,
SBI,
NTPC,
HDFC
Bank,
SAIL,
HUL,
Cairn,
Hindalco,
ITC,
HDFC,
PNB
and
Tata
Power
was
putting
pressure
on
the
markets.
11:46
AM
Sensex opens lower on weak Asian cues; IT dips
The Sensex opened the day on a lower note following weak Asian cues.
Technology, metal and select banking stocks were down while telecom & oil marketing companies' shares gained.
At 9:02 am the Nifty was trading at 4845, down 36 points and the Sesnex was at 16227, down 130 points.
The CNX Midcap fell 25 points to 7176, as about 327 shares advanced while 407 shares declined on the NSE.
Among the frontliners, Reliance Capital, Hindalco, HCL Tech, Infosys, Sterlite Industries, Tata Motors, HDFC Bank, DLF, TCS, Wipro, Jaiprakash Associates and SAIL were seeing selling pressure in early trade.
However, BPCL, ONGC, ITC, Suzlon Energy, Bharti Airtel and Idea were the gainers.
Asian
markets
were
trading
lower.
Shanghai
fell
2.3
pc.
Hang
Seng,
Jakarta
and
Taiwan
fell
1-1.5
pc.
Nikkei,
Straits
Times
and
Kospi
declined
0.4-0.7
pc.
10:11
AM
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