Mumbai, Apr 15: After opening the day on a strong note, the markets were weighed down by the selling in heavyweights leading to the loss of all early gains.
Following hours of quiet trade the markets ended the day in the red as Nifty slipped below the psychological 5300 mark shedding 100 points while Sensex shed over 300 points.
BSE Sensex shut shop at 17639.26, down 182.70 points or 1 per cent and the 50-share NSE Nifty dipped 0.93 per cent or 49.35 points to end at 5273.60. BSE Midcap index ended down 0.21 per cent and Smallcap shed 0.58 per cent.
Banking & financial, capital goods, telecom, auto, select pharma, power and metal companies' shares dragged the markets.
However, on the positive side, buying was seen in technology & realty companies' shares along with Jindal Steel, Cairn, Sun
Pharma, HUL, Jaiprakash Associates, Idea, HDFC Bank, M&M and Ambuja Cements.
4: 26 PM
Sensex trading flat; RIL, SBI, HDFC, Bharti dip
At 11.50 am, the Sensex was trading flat and Nifty was hovering around 5350 mark.
Buying was seen in realty, pharma, auto, IT and metal stocks. Selling was seen in banking stocks.
The Sensex was up 67.46 points or 0.38 pc at 17889.42, and the Nifty up 19.70 points or 0.37cp at 5342.65.
About 1846 shares advanced, 1074 shares declined, and 322 shares were unchanged. The broader indices outperformed the largecap. BSE Midcap and Smallcap index were up 0.55 pc and 0.9 pc respectively.
In the largecap space, Unitech was the top gainer with more than 4 pc gain. Cairn India, Tata Motors, DLF and Jaiprakash Associates were up 2-3 pc.
On the losing side, ICICI Bank, SBI, HDFC, Ranbaxy Labs and Axis Bank were down 0.5-1 pc.
Sensex erases early gains; RIL, SBI dip
At 10:34 am, the benchmark Sensex came off a bit from day's high and lost more than half of early gains.
The Sensex was trading at 17897, up 75 points and the Nifty was at 5347, up 24 points. The Nifty Apr future was trading with 9 points premium.
The market breadth was positive; about 1945 shares advanced while 968 shares declined on the BSE. Nearly 329 shares were unchanged.
However, buying interest continued in technology, realty, auto, metal, cement, telecom and select infrastructure companies' shares. HUL, Cairn, HDFC Bank and ONGC were other gainers.
SBI, ICICI Bank, ITC, Axis Bank, Ranbaxy and BPCL were other losing counters on the Nifty.
Sensex up 100 pts on global cues; ONGC, ICICI gain
The benchmark Nifty started the day on a strong note ahead of more earnings from heavyweights and positive global cues, especially US markets.
At 9:02 am, the Nifty was trading at 5364, up 41 points and the Sensex was at 17951, up 129 points.
The CNX Midcap rose 46 points to 7989 and BSE Smallcap was up 72 points to 9158. About 700 shares advanced while 100 shares declined on the NSE.
Among the frontliners, Cairn India, Sterlite Industries, ONGC, SAIL, Unitech, DLF, Tata Motors, ICICI Bank, Hindalco, Hero Honda, IDFC, L&T and Jaiprakash Associates were gainers.
Asian markets were trading with marginal gains. Nikkei, Hang Seng, Straits Times, Jakarta and Taiwan went up 0.3-0.7 pc. Kospi and Shanghai were flat.