Nifty ends in red; Oil gas companies rally up
Mumbai, Jun 25: At 4:10 hrs, BSE Sensex was 17,574.53 down 155.71 points and NSE Nifty was 5269.05 down 51.55 points.
Nifty ended the day sharply lower as most shares including technology, metal, FMCG, capital goods, realty and select auto companies' trade nose dived.
Oil and gas companies led the support to markets, after the government declared the hike in petrol prices. Oil and gas companies like HPCL, IOC and BPCL gained the most. They went up by 10.4 to 13.7 percent. ONGC and Essar Oil surged by 6 percent. GAIL ended the day by going up 1.6 percent. BSE Oil and Gas Index rose 2.88 percent.
Select telecom and power stocks gained. Reliance Industries was up by 1.1 percent and Reliance Natural Resources went by 3.3 percent.
Sterlite Industries was down 3.4 percent. Jindal Steel, SAIL, Tata Steel and Hindalco lost 1.7-2.4 percent.L&T, ABB and Siemens from capital goods segment went down 1-1.8 percent.
ITC and HUL from FMCG space plunged 1.4-1.7 percent, DLF and Unitech went down 1 percent each. ACC and Ambuja Cements also lost 1 percent.
M&M and Tata Motors from auto pack slipped 3 percent and 2 percent respectively. Hero Honda plunged 0.1 percent. Maruti was in the green side as it gained 0.7 percent.
However, Reliance Communications from telecom space rose 2.3 percent, Idea Cellular was up 1.6 percent.
In
the
power
space,
NTPC,
Reliance
Power,
Suzlon
and
Reliance
Infrastructure
were
up
0.3-0.7
percent.
4:54
PM
Mkts consolidate; Wipro, HDFC, Sterlite dip
The last day of the week has been yet another day of consolidation for the benchmarks. Both Sensex and Nifty continue to trade in the red zone.
At 2:00 pm, BSE Sensex was at 17,628.98, down 101.26, NSE Nifty was at 5289.40, down 31.20.
Among
the
largecaps,
Cipla,
Reliance
Communiactions,
Idea
Cellular,
Reliance
Capital
and
Reliance
Infra
gained
2
to
2.3
per
cent
while
Sterlite
Industries,
Wipro,
HDFC
Bank,
and
Jindal
Steel
lost
1.7
to
2.5
per
cent.
2:08
PM
Mkts down; IT, realty, metals weigh
Even though it was showing signs of recovery from the day's low, NSE Nifty faced resistance at 5300 mark. Dragged down by financial, technology, realty, metal, select auto and capital goods companies' shares, the indices gave way and dipped.
At 12: 20 pm, BSE Sensex was at 17,643.55, down 86.69, and NSE Nifty was at 5293.66, down 26.95.
Reliance Communications, Reliance Natural Resources, VIP Industries, Reliance Capital, HOEC, Reliance Industries, ICICI Bank and Tata Steel were the most active on the markets.
Telecom, power and select healthcare companies' shares along with ONGC, Maruti, BHEL and Cairn India were in the green zone.
The
top
gainers
were
Zenith
Birla,
which
shot
up
20
per
cent.
Onward
Tech,
Zenith
Computer,
EIH
Associated
Hotel,
Khaitan
and
Precot
Meridian,
which
rallied
10
to
16
per
cent.
12:
27
PM
Mkts open negative on weak global cues
Weak global cues forced the Indian benchmarks to begin the day on a weak note. Nifty began below the 5300 mark while Sensex tanked 70 points on the opening bell.
At 9:01 am, NSE Nifty was trading at 5296, down 24 points and BSE Sensex was at 17660, down 70 points.
Selling pressure was seen in frontliners like HUL, Unitech, HDFC, HDFC Bank, Tata Steel, ICICI Bank and DLF.
On
a
positive
note,
Reliance
Communications
and
Reliance
Infrastructure
gained.
ONGC,
BPCL,
HPCL
and
IOC
were
trading
in
the
green
ahead
of
the
EGoM
meeting
on
Friday,
Jun
25.
9:42
AM
OneIndia News