Nifty ends flat; Wipro, GAIL, Hindalco dip
Mumbai, Feb 8: The benchmark Nifty closed first session of the week on a flat note. It traded below the 4700 level on the back of weak Asian cues and some profit booking.
The 30-share BSE Sensex closed at 15,935.61, up 19.96 points, after seeing day's high of 16,061.41 and low of 15,651.99.
The 50-share NSE Nifty touched an intraday high of 4,799.05 and low of 4,675.40, before ending at 4,760.40, up 3.15 points.
Punjab National Bank (3.48 pc), Reliance Communications (3 pc), Bharti Airtel (2.78 pc), Hindustan Unilever (2.66 pc) and ONGC (2.55 pc) were the gainers.
Tata Steel (-4.52 pc), Hindalco Industries (-3.79 pc), GAIL (-2.24 pc), Wipro (-1.71 pc) and Tata Power (-1.69 pc) were the losers.
Asian markets ended slightly mixed; Nikkei was down 1 pc and Kospi down 0.91 pc. Hang Seng was down 0.58 pc and Shanghai down 0.14 pc. Jakarta lost 1.7 pc, which had fallen over 3 pc.
However,
Straits
Times
was
up
0.37
pc,
which
lost
2.5
pc
during
the
day.
Taiwan
was
flat.
4:20
PM
Sensex
trades
lower;
IT,
oil
&
gas
down
At
12:27
pm,
selling
across
all
the
sectors
was
putting
pressure
on
the
Sensex,
which
was
trading
200
points
down
while
the
Nifty
was
below
the
4700
mark.
The Sensex was trading at 15693, down 222 points and the Nifty was at 4685, down 71 points.
The BSE Midcap Index fell 1 pc and the Smallcap was down 0.67 pc.
About 986 shares advanced while 1743 shares declined on the NSE. Nearly 423 shares were unchanged.
All the sectoral indices were in the red; the Metal Index lost 2.5 pc. IT, Oil & Gas, Auto, Power, Healthcare, Bank and Realty indices were down 1-1.4 pc.
However, Bharti Airtel, Hero Honda, HUL, Sun Pharma, Siemens and PNB were outperforming others in largecaps.
Weak
Asian
cues
also
weighed
on
the
markets;
Straits
Times
tumbled
2.5
pc
and
Jakarta
fell
3
pc.
Nikkei,
Kospi
and
Hang
Seng
were
down
0.75-1
pc.
Shanghai
was
down
0.16
pc.
1:39
PM
Sensex
slips
62
pts;
tech
dips
After
trading
in
red,
benchmark
Nifty
was
consolidating
at
current
levels.
While selling in oil & gas, technology and capital goods kept the market under pressure, buying in auto, metal, banking, select telecom and power stocks, including HUL capped the losses to some extent.
At 10:13 am, Nifty was trading at 4739, down 17 points and the Sensex was at 15853, down 62 points.
The broader indices outperformed the benchmark indices.
Global Cues:
Asian
markets
were
trading
in
mixed.
Shanghai,
Hang
Seng,
Nikkei
and
Kospi
lost
0.2
to
0.66pc.
Jakarta
slipped
2.25pc,
while
Straits
Times
and
Taiwan
rose
0.2
to
0.33pc.
11:03
AM
Nifty trades in red amidst volatility; RIL slips
After starting on flat note, Nifty traded in red amidst volatility, supported by the profit booking after nearly 40 points rally in special trading session on Saturday, Feb 6. Heavyweights witnessed pressure.
At 9:02 am, Nifty was down 17 points at 4739 and Sensex was trading at 15843, down 72 points. Meanwhile CNX Midcap rose 10 points to 7162.
Among the frontliners, losers in the opening session were ONGC, HDFC, BHEL, NTPC, Wipro, Infosys, HCL Tech, L&T, ACC, Tata Steel and Reliance Industries.
On the other hand, HUL, Reliance Power, Power Grid, Suzlon Energy, SAIL and SBI were marginally in green.
In today's listing, Jubilant Foodworks fared better than its last week listing and rose 32pc to Rs 191.5 compared to issue price of Rs 145 per share.
In the Midcap & Smallcap space:
Fame India shot up 5pc. Inox on the other hand was flat.
Shree Ashtavinayak slipped 4pc, after witnessing run-up in last few sessions.
Hotel Leela was up 3pc, while Gujarat Gas rose 3.5pc.
Following reports of the company hiring US firm to restructure and improve its operational and financial performance, Kingfisher Airlines was up 1.5pc.
Global Cues:
Asian
markets
witnessed
mixed
trade.
Shanghai,
Hang
Seng,
Nikkei
and
Kospi
lost
0.2
to
0.5pc,
while
Straits
Times
and
Taiwan
gained
0.2
to
0.3pc.
9:30
AM
OneIndia News