Mkts end in red on selling, weak global cues
Mumbai, Apr 19: Weak global cues in response to the Goldman Sachs fraud suit along with selling across the sectors forced the markets to see trading on the negative side through out the day.
While BSE Sensex shed 190 points to shut shop at 17400, NSE Nifty ended at 5203, down 59 points.
The
only
gainers
were
Hindalco,
Axis
Bank,
HDFC,
Bharti
Airtel,
Cipla,
HDFC,
ABB,
PNB,
M&M
and
L&T.
4:27
PM
Mkts continue in red; selling persistent
The markets continued to trade in red. Selling continued in metal, oil&gas, realty, auto, power capital goods and IT stocks.
At 2: 10 pm, BSE Sensex was trading at 17,409.29, down 181.89 points and NSE Nifty was at 5202.15, down 60.45 points. The BSE Midcap and Smallcap index were down 1 to 2 per cent.
Tata Steel dipped over 4 per cent to become the top loser while Sterlite Industries, ONGC, Wipro and DLF were the other losers, down 2.7 to 4 per cent.
Index
heavyweight
Reliance
was
down
2.66
per
cent.
Hindustan
Lever
was
down
0.57
per
cent.
IT
giant
Infosys
was
trading
down
1.53
per
cent.
Cigarette
major
ITC
was
down
2.01
per
cent.
Refinery
major
HPCL
was
down
0.45
per
cent.
2:19
PM
Sensex
sheds
300
pts;
metal,
realty,
infra
dip
The
Indian
as
well
as
the
Asian
markets
were
trading
down
in
response
to
the
Friday,
Apr
16
development
of
US
market
regulator
charging
investment
banking
major
Goldman
Sachs
with
fraud.
While Nifty was trading below the 5200 mark, Sensex shed over 300 points. Selling was seen across all the sectors.
At 12: 10 pm, BSE Sensex was trading at 17,282.39, down 308.79 points, and NSE Nifty was at 5163.75, down 98.85.
Oil & gas exploration, metal, realty, banking & financial, cement and infrastructure companies' shares are reeling under sell off.
The midcap gainers were KS Oils, Jain Irrigation, Atlas Copco, IndusInd Bank and CRISIL, up 1.5 to 4 per cent. The losers were Amtek Auto, Phoenix Mills, Jet Airways, Triveni Engg and Usha Martin, down 4 to 6.7 per cent.
Among the smallcaps, Graviss Hospital, TTK Prestige, Aqua Logistics, Centrum Finance and Atco Corp went up 5 to 10 per cent. However, Nagarjuna Agri, Jindal Worldwid, Jamna Auto, Thiru Arooran and Shirpur Gold lost 4.5 to 6 per cent.
Among
the
Asian
markets
-
Shanghai
dipped
2.65
per
cent,
Taiwan
lost
3
per
cent,
Hang
Seng,
Jakarta,
Nikkei,
Straits
Times
and
Kospi
slipped
1.4
to
1.7
per
cent.
12:
20
PM
Mkts
open
in
red
over
Goldman
Sachs
fraud
suit
The
Indian
markets
responded
to
the
US
Securities
and
Exchange
Commission
(SEC)
suing
Goldman
Sachs
for
fraud
and
opened
in
the
red
on
weak
global
cues.
At 9:02 am, NSE Nifty was trading at 5196, down 66 points and BSE Sensex was at 17388, down 203 points. CNX Midcap shed 108 points to 7782 and the BSE Smallcap dipped 105 points to 8911.
Jaiprakash Associates, Hindalco, Tata Steel, Cairn, Idea Cellular, Bharti Airtel, DLF, Reliance Communications, Unitech, ICICI Bank, Kotak Mahindra Bank, PNB, SBI, HUL and ITC were the frontline losers in the early trade.
Ahead of their quarterly numbers, TCS and Hero Honda were trading marginally lower.
Among the midcaps and smallcaps, DCB gained 2.4 per cent while Sesa Goa was flat. Among the losers, Zee News dipped over 2
per
cent,
Lanco,
Punj
Lloyd
and
Voltas
lost
2
to
3
per
cent,
newly
listed
Goenka
Diamond
plumeted
7
per
cent.
9:36
AM
OneIndia News