Mumbai, Mar 12: After the post-budget rally for three days, Nifty has been putting up a poor show and ended flat for seven session. While Nifty traded in a narraw range of 70 points, Sensex saw similar restricted trade in 200 points range.
BSE Sensex shut shop at 17166.62, down 1.34 points while the 50-share NSE Nifty marginally gained just 3.6 points to close at 5137.
The broader indices underperformed the benchmark indices. The BSE Midcap Index was down 0.23 per cent and Smallcap down 0.45 per cent.
The markets even shrugged off encouraging IIP data fro Jan 2010.
However, the indices gained support from FIIs which stopped the
markets from going under profit booking.
4: 29 PM
Mkts trim gains on weak Asian cues and sell off
With Asian markets plummeting and sell off in Sun Pharma, Cipla, HDFC Bank, HDFC, Infosys and BPCL the Indian indices trimmed their losses.
At 1: 56 pm, BSE Sensex was trading at 17162, down 5 points while NSE Nifty was at 5133, up 0.35 points.
The markets were still gaining support from oil & gas exploration and auto stocks while Bharti Airtel, TCS, ITC, Hindalco, Sterlite, Tata Power, ICICI Bank, SBI and Siemens gained.
The most active shares were Hindalco, Man Infra, Jubilant
Foodworks, Reliance Industries, Core Projects, Shree Renuka, ICICI
Bank, SBI and JSW Steel.
3: 32 PM
Nifty shrugs off IIP data, consolidates
Shrugging off the Index of Industrial Production (IIP) numbers, Nifty is trading in consolidation mode. Asian markets continued to trade mixed.
At 12: 30 pm, BSE Sensex was at 17,162.70, down 5.26 while NSE Nifty was at 5135.70, up 2.30 points.
Buying interest was seen in Metal, auto and oil & gas exploration companies' shares along with Bharti, ITC, ICICI Bank, TCS, Ranbaxy and Tata Power.
NTPC, HDFC Bank, HDFC, HUL, Infosys, Sun Pharma, Jaiprakash
Associates, Idea, Reliance Infrastructure and Suzlon were the
losers while capital goods was seeing selling pressure.
12: 32 PM
Nifty opens flat; IT, auto, metal, realty gain
Nifty started the day on a flat note and continued trading in consolidation mode. The markets are dull as there is no global cues.
At 9: 02 am, NSE Nifty was trading at 5157, up 24 points and BSE Sensex was at 17240, up 74 points. The CNX Midcap rose 33 points to 7544 and BSE Smallcap went up 42 points to 8512.
Among the early gainers were technology, auto, metal, realty, select banking and capital goods stocks. The frontliners seeing buying interest included Unitech, Hindalco, IDFC, L&T, Tata Steel, ICICI Bank, Wipro, Reliance Communications, Bharti, ACC and ONGC.
On the negative side, Idea Cellular, HUL, Sun Pharma and ABB dipped.
In the midcap and smallcap arena, Fortis Healthcare shot up 3per cent, IL&FS Investment Managers rose 1 per cent, Bank of Rajasthan surged 6 per cent, Usha Martin gained 9 per cent. NMDC was up 0.6 per cent, Chemplast shot up 10 per cent and Meghmani Organics gained 5 per cent.
However, the recently listed Texmo Pipes was down 1 per cent and
Man Infra down 2 per cent.
9: 48 AM