Sensex ends 255 pts down; tech, realty gain

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Nifty opens flat; Tata Motors, ITC slip
Mumbai, Apr 8: The Sensex closed at 17714, down 255 points and the Nifty was at 5304, down 70 points.

Among other sectors, the BSE Oil & Gas, Metal, Bank, Auto and Capital Goods indices dipped 1 to 1.9pc. However, Realty Index gained 0.55pc and IT surged 0.34pc.

Top percentage gainers - Premier Energy, MCS, Barak Vally Cement, Sadhana Nitro, Wheels, Venkys and Jayant Agro-Org shot up 15 to 20pc.

In the midcap space, Blue Star, Phoenix Mills, Lakshmi Machine, Jai Corp and Bayer Cropscience surged 4 to 7.7pc. However Welspun Gujarat, Usha Martin, Apollo Tyres, IRB Infra and Prakash Industries tanked 3.5 to 4.6pc.

Among the smallcaps, Arshiya Intl, English India Clayton, Prime Focus, Techno Electric and Geojit BNP surged 5.5 to 12pc, while Zuari Inds, SRF, Maharashtra Scooters, Rollatainers and JMD Telefilms lost 5 to 6pc.

Volume also increased smartly for first time after March expiry day. The markets reported total turnover of Rs 94,583.99 crore, including Rs 14,247.24 crore from the NSE cash segment, Rs 75,545.57 crore from the NSE F&O and the balance Rs 4,791.18 crore from the BSE cash segment.

Global Cues:

Asian markets also tumbled on profit booking. Nikkei, Shanghai, Straits Times and Taiwan indices dipped 0.8 to 1pc. Hang Seng slipped 0.3pc. However Kospi gained 0.4pc. The US index futures were trading marginally lower, at the time of closing of Indian equities.

Greece's Credit Default Swaps (CDS) outperformed Iceland's for the first time since 2005; CDS,cost of insuring government debt, on Greece bonds shot up to 415 bps from 390 bps. Yield on 10-year Greek government bonds surged to a new 11-year high.

Athex Composite Share Price Index slipped over 4pc post this news. CAC 40 Index too tanked 1.6pc; DAX and FTSE 100 lost 1.2oc each.

4:30 PM

Sensex slips 100 pts; Bharti, Tata Motors down

Nifty was hovering around the 5350 mark amidst negative bias. Consumer durables, realty and IT stocks witnessed buying, while selling were seen in banks, metal and capital goods stocks.

At 2:07, Sensex was trading 17,775.68, down 194.34, while Nifty was at 5312.45, down 62.20.

Among the largecap space, BPCL, DLF, HCL Tech, TCS and Unitech gained close to 1pc each, while Tata Motors, Hindalco, HDFC, Bharti Airtel and ONGC down 1.4 to 2pc were on the losing.

Hindustan Lever was trading at Rs 223.20 down 0.82% from its previous close of Rs 225.05. Index heavyweight Reliance was trading at Rs 1,125.40 down 0.32% from its previous close of Rs 1,129.00.

Tech major Infosys was trading at Rs 2,666.10 up 0.83% from its previous close of Rs 2,644.05. Cigarette major ITC was trading at Rs 267.30 down 0.8% from its previous close of Rs 269.45. Refinery major HPCL was trading at Rs 313.60 up 1.36% from its previous close of Rs 309.40.

Top gainers on the BSE Midcap: Phoenix Mills, Blue Star, Jai Corp, Carborundum and Lakshmi Machines surged 5 to 9pc.

Top losers on the BSE Midcap: Atlas Copco, Apollo Tyres, Jubilant Org, IRB Infra and IDBI Bank slipped 2 to 3pc.

Top gainers on the BSE Smallcap: Prime Focus, Mahindra Life, English Ind Cla, Artson Eng and AP Paper Mills moved up 6 to 12pc.

Top losers on the BSE Smallcap: Lloyds Metals, Jolly Boards, SRF, Vindhya Telelin and Sunil HitechEng tanked 4 to 6pc.

2:15 PM

Sensex southbound; ONGC, Bharti dip

Markets remained volatile amidst negative bias owing to weak global cues. Asian markets experienced profit booking, lost 0.2 to 1pc.

At 10:34 am, Sensex was trading at 17927, down 42 points and the Nifty was at 5362, down 12 points.

Selling pressure in banking & financial, metal, FMCG, capital goods and pharma companies' shares kept the markets in negative track. The other losers in the trade were ONGC, Bharti, NTPC, Cairn and Tata Power.

The indices were supported to an extend by technology (bounced back), realty, cement and private power companies' shares. Reliance Industres, M&M, BPCL, Idea and Hero Honda were among the gainers.

Kotak Mahindra Bank which replaces Grasim in Nifty was trading flat.

Broader indices continues to outperformed. BSE Midcap Index was up 0.5pcand the Smallcap surged 1pc.

The most active shares on the bourses were Persistent Systems, Jubilant Foodworks, Essar Oil, Pipavav Shipyard, ARSS Infra, DLF and ICICI Bank.

Among the midcaps, Phoenix Mills, Lakshmi Machine, Jai Corp, HSBC Invest and Essar Shipping rose 5 to 10.5pc. However, Maharashtra Seamless, Atlas Copco, Jubilant Org, Andhra Bank and Eicher Motors slipped 1.4 to 3pc.

Among the smallcaps, Mahindra Life, AP Paper Mills, Artson Eng, Elder Pharma and Aptech moved up 6 to 13pc while Jolly Boards, SRF, Hatsun Agro, Sujana Towers and Foseco India down 3 to 5pc were on the losing side.

11: 48 AM

Nifty opens flat; Tata Motors, ITC slip

Benchmark Nifty opened flat amidst negative bias owing to weak global cues. In the opening trade, cement, select auto and realty companies' shares were the gainers. However, banking, capital goods and select metal companies' shares were under pressure.

At 9:02 am, Nifty was trading at 5368, down just 6.5 points and the Sensex was at 17955, down 14 points.

Among the frontliners, selling were seen in Tata Motors, Jaiprakash Associates, Hindalco, ABB, BHEL, Sterlite Industries, IDFC, Axis Bank, ICICI Bank and ITC.

The gainers in the early trade were ACC, Power Grid, BPCL, Hero Honda and Maruti Suzuki.

The rise in commodity prices, Euro 4 norms helped M&M to gain 2.5pc as the company raised Utility Vehicle product range prices across board.

Sun Pharma shot up 1pc, following US FDA nod for Generic Wellbutrin Tablet to its branch arm.

Midcap & Smallcap Space

Kingfisher Airlines and Moser Baer went up 1.5 to 2.5pc.

Shree Renuka Sugars moved up 1pc.

Great Offshore and Bharati Shipyard rose 0.5pc each. Bharati Shipyard has bought further 0.54pc stake in Great Offshore and its stake reached to 49.73pc.

Prism Cement and JK Lakshmi Cement went up over 1pc.

Aptech rallied 7pc, as its board approved allotment of 17 lakh preferential shares at Rs 216/share. 3i Infotech surged 1pc.

Elecon Engineering moved up nearly 4pc, as it has bagged orders worth Rs 88 crore. PBA Infra also went up 4pc.

However, Jubilant Foodworks slipped 1pc.

9:30 AM

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