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.
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.
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.