Sensex ends 120pts down
Mumbai, Feb 10: Indian markets ended low despite positive global cues. Sensex closed below the 16000 mark on the back of volatility throughout the session. Nifty erased all its Tuesday' gain to close at 35.45 points.
Selling in banking, oil & gas exploration, capital goods, technology, power, select auto, metal and pharma stocks led the index to end at 120 points down.
However, the losses were limited to a major extent by buying in HDFC Bank, Bharti Airtel, Sterlite, BPCL, Hindalo, Unitech, Hero Honda, Grasim and Jaiprakash Associates.
BSE Sensex ended at 15,922.17, down 120.01 points or 0.75pc and the 50-share NSE Nifty lost 0.74pc or 35.45 points to settle at 4,757.20.
Asian
Markets
closed
at
positive
close
when
the
Indian
markets
closed.
Shanghai
and
Taiwan
gained
1.1pc
each.
Hang
Seng
was
up
0.67pc
and
Nikkei
up
0.3pc.
However,
Straits
Times
was
down
0.39pc
and
Kospi
was
flat.
4:40
PM
Nifty trading flat around 4800
After erasing its early gains, Nifty was trading flat at 4800 mark. Realty and metal stocks witnessed buying interests. However, selling in banks, FMCG and capital goods stocks kept them under pressure.
At 12.35 pm, Sensex was trading at 16077.52, up 34 points and Nifty was up 11.30 points or 0.24pc at 4803.95.
In the largecaps, the top gainer was Hindalco with 3.5pc gain. Jaiprakash Associates, Unitech, DLF and Reliance Infra moved up 1.6 to 3pc. However, Cipla, Sun Pharma, HUL, Tata Power and SAIL tanked 1 to 2pc.
Top gainers in BSE Midcap were GlaxoSmith Consumer, Emami, Essar Shipping, DeccanChronicle and Motherson Sumi with a rise of 4 to 9pc.
Top losers in BSE Midcap were Monsanto India, Patni Computer, HSBC Invest, Novartis India and Aventis Pharma with a slip of 1 to 5pc.
Top gainers in BSE Smallcap include Goodyear, Cranes Software, KRBL, Esab India and Uttam Galva up 11 to 20pc.
Top
losers
in
BSE
Smallcap
were
Vindhya
Telelin,
Hinduja
Foundri,
Richa
Ind,
Kanani
Industries
and
Simplex
Project
were
down
4
to
6pc.
2:15
PM
Sensex
loses
early
gains;
tech,
power
dip
Selling
in
banking,
oil
&
gas
exploration,
technology,
capital
goods,
power,
FMCG
and
select
pharma
stocks
led
Sensex
to
forego
its
early
gains.
However, the losses were capped to a major extent by buying in metal and realty stocks, including that of BPCL, GAIL and Jaiprakash Associates.
At 9:53 am Sensex was up 62 points at 15980 and Nifty was trading at 4776, up 16 points.
The top losers in largecaps were Sun Pharma, Tata Power, HUL, ONGC, BHEL and Cipla down 1 to 1.5pc.
Meanwhile, the most active shares on the bourses were Hindustan Copper, Jubilant Foodworks, STC India, NMDC, Tata Steel, Reliance Industries and ICICI Bank.
In the midcap space, Essar Shipping, Gujarat NRE Coke, Madras Cements, Andrew Yule and Emami shot up 3 to 4.5pc, while Monsanto India, Patni Computer, Shree Renuka, MRF and Novartis India lost 1 to 4pc.
In the smallcap space, Goodyear was locked at 20pc upper circuit for second consecutive on delisting buzz. Gulf Oil Corp, Elpro Int, Esab India and Take Solutions went up 6 to 9.9pc. However, Vindhya Telelink, Subhkam Capital and Ciba India lost 4.5 to 6pc.
In the Global Cues:
Asian
markets
were
trading
in
mixed.
Nikkei,
Shanghai
and
Taiwan
were
up
0.6
to
0.9pc,
while
Straits
Times
dipped
0.4pc
and
Kospi
lost
0.14pc.
Hang
Seng
was
flat.
11:50
AM
Nifty
opens
above
4800
mark;
tech,
steel
up
Benchmark
Nifty
opened
above
4800
mark
run
on
the
back
of
positive
global
cues.
The
markets
were
trading
amidst
volatility.
while
Sensex
too
continued
to
trade
above
the
psychological
mark
of
1600
marks.
At 9:02 am, Sensex was trading at at 16114, up 72 points and Nifty was trading at 4815, up 23 points.
Among the frontliners, the gainers at the opening session were Jindal Steel, Suzlon, SAIL, Tata Steel, Sterlite, Hindalco, Tata Motors, Jaiprakash Associates, Siemens, L&T, TCS, Infosys, ICICI Bank and HDFC.
On the other hand, Bharti Airtel, ITC and NTPC were the losers.
Midcap & Smallcap space:
Fame India gained 5pc and Inox Leisure was up 6pc. Reliance Mediaworks rose 1%.
Vishal Retail moved up 4.5pc on low volumes.
Prism Cement and Gujarat Sidhee rallied 3 to 5pc. India Cement rose 0.5pc.
Gujarat Gas and Gujarat NRE Coke moved up over 3pc.
NMDC, HMT and STC rose 1 to 3pc.
However, Infinite Computer and Jubilant Foodworks (both recently listed) tanked 0.6 to 1pc.
Global Cues:
Asian markets were trading in mixed. Nikkei, Shanghai and Taiwan Weighted rose 0.6 to 1.4pc. However, Straits Times was down 0.5pc and Hang Seng lost 0.17pc. Kospi and Jakarta were flat.
The
US
markets
gained
prior
to
the
German
FM
to
initiate
steps
to
support
the
Greek
government.
9:40
AM
OneIndia News