Mumbai, Mar 31: Profit booking plagued Nifty for the second consecutive day. Selling forced the benchmark to end lower with modest losses.
Selling was seen in FMCG, technology, capital goods, select auto and metal stocks along with Reliance Industries while NTPC, SAIL, HDFC, HDFC Bank, Cairn, Wipro, Sun Pharma, Wipro, Bharti, Reliance Communications, Maruti, Unitech, Power Grid, PNB, Reliance Infrastructure, Ambuja and ABB gained.
BSE Sensex shut shop at 17,527.77, down 62.40 points NSE Nifty closed at 5249.10, down 13.35 points.
After the profit book broke the market's four sessions' uptrend, the indices tried hard to get back on the northbound journey. But selling along with unsupportive Asian cues plunged the markets into the red zone amid choppy trade during the day.
4: 03 PM
Benchmarks dip to red; FMGC, IT, metals down
After going up marginally about an hour back, the benchmarks yet again dipped into the red zone. At 2: 30 pm, BSE Sensex was trading at 17,539.64, down 50.53 points and NSE Nifty was at 5247.30, down 15.15 points.
While FMCG, IT and metal stocks were reeling under selling, buying was seen in realty, auto, power, consumer durables and pharma stocks.
Sun Pharma is the top largeap gainer. HDFC, NTPC, DLF and Bharti Airtel were among the other gainers, up 1 to 2 per cent.
However, Idea Cellular, Jindal Steel, Hindalco, ITC and BPCL were down 1 to 2 per cent.
2: 43 PM
Mkts choppy due to selling, weak Asian cues
Hit by selling in heavyweights and weak Asian cues, Nifty dipped into the red zone. At 11: 28 am, Sensex was trading at 17569, down 21 points and the Nifty was at 5252, down 10 points.
The trading was in a choppy territory. Index Heavyweight Reliance Industries slipped over 1 per cent. IT also dipped against and TCS, Infosys and HCL Tech fell 0.5 to 0.7 per cent. ITC and HUL from the FMCG segment plunged 0.85 per cent each.
However, auto, capital goods, realty, select pharma and banking & financial stocks supported the markets to a certain extent.
Among the gainers were NTPC, Bharti and DLF, up 1.4 to 1.8 per cent, Wipro, BHEL, SBI, HDFC and HDFC Bank gained 0.4 to 0.7 per cent.
12: 54 PM
Mkts open green; Bharti Airtel gains on Zain deal
Despite trading below the psychological 5300 mark, Nifty was marginally up trying to recover from the previous sessions losses.
At 9:02 am, NSE Nifty was trading at 5278, up 16 points and BSE Sensex was at 17649, up 59 points. The CNX Midcap rose 38 points to 7707.
After two days of downfall, technology stocks were up. Buying interest was also seen in realty, select banking and auto stocks.
DLF, Hero Honda, ICICI Bank, Tata Motors, Infosys, TCS, M&M, Jaiprakash Associates, Unitech, Jindal Steel & Power and SBI were the frontline gainers in early trade.
On the news of Bharti Aitel sealing the 10.7 billion dollar deal with Zain, the company's stock rose 1 per cent.
The losers were HDFC, ONGC, Tata Power, ITC and HDFC Bank.
Among the midcaps and smallcaps, MDC gained 1.5 per cent. 3i Infotech rose 2.5 per cent. Valecha Engineering surged 5 per cent and SREI Infra was up 1 per cent.
However, profit booking cuaght up on the recently listed ITNL, which slipped 0.5 per cent.
9: 51 AM