Sell off forces benchmarks to end red

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Sensex, Nifty: Market Updates
Mumbai, May 19: BSE Sensex ended at 16,408.49 down 467.27points; NSE also ended a panic sell of at 4919.65 plunged 146.55 points. Around 712 shares advanced, 2254 shares declined, and 321 shares were unchanged.

The stock market witnessed intense sell-off and it was a bloodbath situation across the globe. Asian markets lost around 1 to 2 percent and European markets also plummeted in the range of 2 to 3 percent.

Tata Motors, ICICI Bank, M&M, Reliance Communications, Unitech and Idea Cellular lost in the range of 5.5 to 7.5 percent where as Cipla, ABB and Tata Power ended green.

Some top gainers on BSE Midcap were 3M India, Berger Paints, South Indian Bank, Parsvnath and Honeywell Automation, which were up 2 to 7 percent.
4:41 PM

Mkts still southbound, Sensex down by 300 points


At 14:00 hrs, BSE Sensex was at 16,528.75, down 347.01points; NSE was at 4953.95, 112.25 dipped.

The Largecaps including Infosys and ITC continued the downward journey. BSE bankex, realty, metal and auto indices were down over 2 percent each. Around 907 shares advanced, 2013 shares declined, and 367 shares unchanged.

The BSE Midcaps trading marginally green were 3M India, Berger Paints, Piramal Health, South Indian Bank and Whirlpool. They were up by 5 to 12 percent.

ICICI Bank continued highly negative down by 5.17 percent; Sterlite Ind plunged by 5.31 percent, Tata Motors by 4.96 percent and M&M by 3.73 percent.
2:24 PM

Mkts continues in red; ICICI, Idea dip

Benchmarks continued negative reflecting the performance of the global markets. At 12:10 pm, BSE sensex was at 16,630.28, down 245.48 points; NSE was at 4988.40, down 77.80 points.

Asian markets were trading 1 to 2 percent lower, the exception being Shanghai which was trading green. Banks, realty and auto stocks also went red by 1 to 3 percent. All BSE sectoral indices were also continuing negative.

Largecaps like Infosys, Reliance Power, Herohonda, ACC and Sun Pharma were trading marginally in green.

Idea Cellular, Tata Motors, ICICI Bank, Unitech and Sterlite Industries dipped by 3 to 4 percent.

The top gainers among the BSE midcap includes 3M India, Pidilite Industries, South Indian Bank, MVL and Piramal Healthcare. They were up by 4 to 14 percent.
12:19 PM

Mkts open in red on heavy selling

The benchmark indices started the day on a negative note on heavy selling in metals, banks realty and capital goods.

While Nifty opened below the 5k mark, Sensex tanked 200 points on the opening bell.

At 9: 07 am, BSE Sensex was down 207.52 points or 1.23 per cent at 16668.24, and NSE Nifty down 66.90 points or 1.32 per cent at 4999.30.

Among the largecaps, ICICI Bank dipped 3.5 per cent tp become the the top loser on Nifty. Sterlite Industries, Unitech, Cairn India and Tata Motors slipped 2 to 3 per cent.

The only two stock trading in the positive side were Reliance Power and BPCL.

Index Heavyweight Reliance was down 0.88 per cent, IT major Infosys down 0.04 per cent, Cigarette major ITC was down 0.61 per cent and Hindustan Lever was down 0.27 per cent. However, Refinery major HPCL was up 0.46 per cent.

New entrant Mandhana Industries was trading at Rs 131 down from its issue price of Rs 134.

Bank of Rajasthan was locked at 20 per cent upper circuit on the news of merger with ICICI Bank.
9: 56 AM

OneIndia News

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