Mkts suffer weak global cues, end day in red
Mumbai, May 3: The markets suffered weak global cues through out the day leading to a bad start for the week. The global markets were reacting to the CRR hike of China as well as the criminal probe against the investment bank Goldman Sachs.
However, the Greece problem seems to have taken a back seat in the markets.
BSE Sensex ended the day at 17,386.08, down 172.63 points while NSE Nifty shut shop at 5222.75, down 55.25 points.
The
Asian
markets
too
traded
in
red.
Hang
Seng,
Straits
Times
and
Kospi
plummetted
1
to
1.4
per
cent.
4:
25
PM
Sensex tanks 163 pts; Reliance Infra, Hindalco dip
The Indian markets continued thier downtrend on persistant weak global cues. While Sensex tanked over 150 points, Nifty continues to trade below the 5300 mark.
At 2: 20 pm, BSE Sensex was trading at 17,395.37, down 163.34 points while NSE Nifty was at 5222.80, dowm 55.20 points.
Hindalco, Sterlite Industries, Grasim, Jaiprakash Associates and Reliance Infra were the largecap losers, down 2 to 3 per cent.
However, on the positive side, Hero Honda, Reliance Communication, Maruti Suzuki, HDFC and Wipro went up marginally.
Index heavyweight Reliance was down 0.75 per cent, while refinery major HPCL was up 2.36 per cent.
Cigarette
major
ITC
was
trading
at
Rs
263.25
down
0.68
per
cent.
2:33
PM
Mkts continue in the red; Siemens, Unitech lose
After opening in the red, the indices continue on a southbound journey. At 12: 30 pm, BSE Sensex was trading at 17,455.96, down 102.75 points and NSE Nifty was at 5244.75, down 33.25 points.
The BSE Midcap index also plunged into the negative zone. However, BSE Smallcap index was up almost 0.25 per cent.
Selling was seen in capital goods, IT, power, realty and banking stocks while some buying was seen in auto and pharma arena.
On Nifty, Idea Cellular, Mahindra and Mahindra, Suzlon Energy, BPCL and Sun Pharma gained while BB, Hindalco, Siemens, Unitech and Reliance Infra lost.
Hero
Honda,
Maruti
Suzuki,
Bajaj
Auto
and
Mahindra
and
Mahindra
gained
in
the
atuo
space,
while
in
pharma
arena
Sun
Pharma
and
Lupin
surged.
12:
39
PM
Mkts open in red on weak global cues
Weak global cues forced the Indian markets to start the week on a negative note. While Nifty was under the 5250 level, Sensex opened 100 points down.
The global markets are reacting negatively against the criminal probe on Goldman Sachs and CRR hike in China.
At 9:02 am, the Sensex was trading at 17447, down 110 points and the Nifty was at 5238, down 38 points. However, the CNX Midcap was trading 8066, up 5 points.
Ambuja Cements, Reliance Capital, Sterlite Industries, Infosys, ABB, TCS, Maruti, Tata Motors and Hindalco were the frontliners witnessing selling pressure.
On the positive side, BPCL, Idea Cellular, M&M, Kotak Mahindra Bank, Reliance Communications and Bharti Airtel gained.
Among the other gainers were RNRL up 2.7 per cent, Glenmark Pharma up 7 per cent, Sona Koyo up 4 per cent, TVS Motor up 3.4 per cent and UCO Bank up 5 per cent.
However,
South
Indian
Bank
lost
14
per
cent,
Indiabulls
Real
Estate
lost
1
per
cent,
Gujarat
NRE
Coke,
Apollo
Tyres
and
Allahabad
Bank
fell
1.5
to
2.5
per
cent.
9:
35
AM
OneIndia News