Mkts close with modest gains

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Sensex, Nifty: Market Updates
Mumbai, Mar 10:After opening and trading in a positive note for the first part of the session, the indices turned volatile. The benchmarks closed with modest gains.

BSE Sensex ended at 17,098.33, up 45.79 and NSE Nifty shut shop at 5116.25, up 14.75.

Nifty managed to hold on to the 5100 mark due to heavyweight Reliance Industries, which went up nearly 2 per cent.

The new listing, Texmo Pipes closed on the positive side, up by 54.50 per cent.
4: 22 PM

Mkts dip on selling in ONGC, SBI, Infy, NRPC

Selling in heavyweights like ONGC, ICICI Bank, SBI, Bharti Airtel, Infosys and NTPC has forced the Sensex to abandon its northward journey and hover around the previous closing values.

At 1: 55 pm, BSE Sensex was trading at 17075, up 22.5 points and NSE Nifty was at 5105, up 4 points. The broader indices also dipped.

On the sectoral front, metal, power, realty and select technology were the losers.

Nifty was gaining support from heavyweight Reliance Industries as it rose up to 2 per cent.

Also on the positive side were FMCG and cement stocks along with TCS, HDFC, Hero Honda, Axis Bank, Tata Power, HDFC Bank, Tata Motors and Jaiprakash Associates as they witnessed buying pressure.

The new listing - Texmo Pipes continued to do well. It was trading at Rs 133.20, up 48 per cent.

Asian Star, BF Utilities, M&M Financial, Cox & Kings and Rajesh Exports were the midcap gainers, while Balrampur Chini, Bajaj Hindusthan, Triveni Engg, Shree Renuka and National Fertiliser lost dipped.

Among the smallcaps, Force Motors, Nitin Fire Protection, Zylog Systems and Man Industries, Orbit Corporation surged while Dhampur Sugar, Ajmera Realty, Dharani Sugars and KPIT Cummins plunged.
2: 25 PM

Mkts up; Tata Motors, ACC, Reliance, IDFC gain

The benchmarks are currently on a northbound journey. At 11:20 am, BSE Sensex was trading at 17158, up 105 points and NSE Nifty was at 5128, up 27 points.

Broader indices also followed the suit. The BSE Midcap Index was up 0.64 per cent and the Smallcap was up 0.7 per cent.

The top gainers were Tata Motors up 2.31 per cent; Tata Power up 1.76 per cent; Jaiprakash Associates up 1.71 per cent; ACC up 1.51 per cent; Reliance up 2.69 per cent and IDFC up 1.82 per cent.

The new listing, Texmo Pipes was trading at Rs 131.65 over its issue price of Rs 90, up 46.28 per cent.

The midcap gainers were Asian Star, M&M Financial, BF Utilities, Cox & Kings and Indiabulls Financial while Balrampur Chini, Bajaj Hindusthan, Whirlpool, Bharat Forge and Triveni Engg slipped.

In the smallcap arena, Force Motors was locked at 20 per cent upper circuit. The gainers were Nitin Fire Protection, Man Industries, Bhansali Eng and Zylog Systems while Gemini Comm, Dhampur Sugar, Ajmera Realty, KPIT Cummins and Maharashtra Polybutenes lost.
12: 42 PM

Mkts open flat on mixed Asian cues

Mixed cues from Asian markets have prompted the Indian benchmark indices to open on a flat note. At 9:03 am, BSE Sensex was trading at 17081, up 28 points and NSE Nifty was at 5106, up 5.7 points.

While some technology stocks were reeling under pressure, FMCG, metal, select banking, pharma and auto stocks were early gainers.

DLF, Jindal Steel & Power, Unitech, Bharti Airtel, Siemens, Infosys, L&T and Suzlon dipped.

On the positive side, buying interest was seen in HDFC, ITC, Tata Motors, Hero Honda, Reliance Capital, Reliance Industries and HUL.

The new listing, Texmo Pipes and Products was trading at Rs 123 over its issue price of Rs 90 per share.

Among the midcaps and smallcaps, Bank of Rajasthan dipped 1.5 per cent, Bajaj Hindusthan and Shree Renuka slipped 2 per cent.

However, Mahindra Forgings gained 4 per cent and HDIL rose 1 per cent.
9: 39 AM

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