Nifty ends below 4850 mark; metal, auto dip

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Nifty ends below 4850 mark; metal, auto dip
Mumbai, Feb 2: The Nifty closed session below the 4850 level, on the back of downtrend across all sectors.

The 30-share BSE Sensex slipped 362.54 points from day's high of 16525.98 and the 50-share NSE Nifty 121.05 points from day's high of 4951.15.

All BSE sectoral indices ended in the red. The Realty and Bank indices slipped the most - down 2.5 pc and 2 pc, respectively.

Metal, auto, power, capital goods and Oil & Gas indices fell 1.5-1.7 pc.

Heavyweights in the banking space like SBI and ICICI Bank lost 2 pc each. Axis Bank and PNB fell 2.3 pc each, and HDFC Bank declined 1.3 pc.

Unitech plunged 4.5 pc and DLF went down 1.8 pc in the realty segment.
4:19 PM

Nifty volatile in trade; RIL, NTPC, SBI dip

At 12.30 pm, the Nifty was trading below the 4900 mark and was struggling to gain momentum for a bounce back.

The Sensex was down 45.94 points or 0.28 pc at 16310.09, and the Nifty was down 24.65 points or 0.50 pc at 4875.05.

About 1851 shares advanced, 1046 shares declined, and 240 shares were unchanged.

Selling pressure was seen in oil&gas, banks, power and auto stocks. Buying was seen in IT and metal stocks.

In the largecap space, BPCL was down 3 pc. Axis Bank, IDFC, Reliance Capital and NTPC were down 1-2 pc.

On the gaining side, Hindalco was up close to 3 pc post rally in commodities. HCL Tech, DLF, HDFC and TCS were up 1 pc each.

Asian markets were trading lower except Nikkei. Taiwan fell 1.3 pc. Kospi was down 0.66 pc and Straits Times down 0.26 pc. Shanghai and Hang Seng were flat in trade. However, Nikkei rose 1.63 pc.
1:24 PM

Nifty trades higher; broader indices outperform

At 11:20 am, the Nifty was trading marginally higher amid volatility and was also trying to hold the 4900 mark.

The Sensex was trading at 16417, up 61 points and the Nifty was at 4910, up 10 points.

However, the broader indices were outperforming the benchmark indices; the BSE Midcap Index was up 1.1 pc and the Smallcap was up 1.8 pc.

Buying was seen in metal, technology, realty, cement and auto (four-wheeler) stocks. HDFC, Sun Pharma and PNB were the other gainers.

Selling in banking and telecom stocks along with Reliance Industries, NTPC, BHEL, ITC, BPCL, Cipla and Hero Honda capped the gains to some extent.
12:06 PM

Sensex opens higher on +ve global cues; metals up

The Nifty opened strong on positive global cues. The index was trading above the 4900 mark while the Sensex above the 16500 level.

At 9:02 am, the Nifty was trading at 4943, up 43 points and the Sensex was at 16518, up 162 points.

The CNX Midcap gained 100 points at 7440, as about 759 shares advanced while 34 shares declined on the NSE.

Among the frontliners, Cairn, Hindalco, Tata Steel, Sterlite, Infosys, TCS, Unitech, DLF, Tata Motors, Hero Honda, M&M, HDFC and Jaiprakash Associates were the gainers in early trade.

Asian markets were trading higher. Nikkei surged 1.88 pv and Shanghai gained 1.26 pc. Hang Seng, Straits Times, Kospi and Jakarta were up 0.5-0.9 pc.
10:04 AM

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