Benchmarks plunges; Sensex ends 240 points down
Mumbai, Jun 29: At 4: 10 hrs, BSE Sensex was 17,534.09 down 240.17 points and NSE Nfty was 5256.15 down 77.35 points.
National Stock Exchange Nifty closed the day 77 points lower. Sensex was also plunged by 240 points as metal, banking, oil & gas and power and realty being the main losers. The respective indices nosedived 1 to 2.7 percent. Sensex had gained around 200 points in the previous session.
The lose in Asian markets and a lower opening in Europe further added to the downtrend of the Benchmarks.
ICICI Bank, HDFC Bank, Axis Bank and HDFC were down by 1.7 to 2.5 percent. SAIL, Tata Steel, Hindalco and Jindal Steel which declined 2.6 to 4.3 percent, also affected the markets. Sterlite Industries lose by 1.4 percent.
Reliance Industries went down 2 percent on profit booking. ONGC and GAIL were flat in trade. M&M plunged 1.4 percent. ITC was down 0.4 percent. Ambuja cements went down 3.3 percent and Ranbaxy Labs, Sun Pharma and Cipla plummeted 1.5 to 2.2 percent.
Reliance Communications went down by 4 percent in the telecom segment and Idea Cellular slipped 2.4 percent. Bharti Airtel also went flat.
The
top
gainers
were
GTN
Industries,
Eurotex
and
Rasi
Electrodes
which
gained
20
percent
each.
TVS
Motor,
JM
Financial,
ING
Vysya
Bank
and
IBN18
Broadcast
also
gained
by
5
to
8
percent
in
the
Midcap
space.
4:50
PM
Benchmarks southbound; IDFC gained
At 2:20 hrs, BSE Sensex was 17,490.10 down 284.16 points and NSE Nifty was 5246.55 down 86.95 points. Both the benchmarks traded lower, as all sectors retreated in trade.
Metal, realty, oil & gas, banks, power and telecom shares plunged by 1 to 2.7 percent.
The only gainer on Nifty was IDFC.
The top losers include Hindalco which nosedived by 4.81 percent, Tata Steel down 3.62 percent, SAIL down 3.42 percent, Reliance Communications down 3.41 percent and Jindal Steel down 3.18 percent.
In
the
midcap
space,
BGR
Energy,
IBN18
Broadcast,
Pfizer
and
TVS
Motor
went
up
3.7
to
6
percent.
2:35
PM
Markets nosedive; Nifty below 5300 points
At 12:10 hrs, BSE Sensex was 17,597.75 down 176.51 points and NSE Nifty was 5276.75 down 56.75 points.
Nifty continued the journey southbound, below 5300 points and all the sectors witnessed selling pressure.
The main losers were Metal, oil & gas, banking, power and technology companies. They nose dived 0.8 to 1.4 percent.
The top losers in trade were Hindalco down 3.68 percent, SAIL down 3.29 percent, Reliance Capital down 2.47 percent, BPCL down 2.33 percent, Tata Steel down 2.29 percent, HDFC down 1.68 percent, HDFC Bank down 1.65 percent, Jindal Steel down 1.61 percent and Reliance Infra down 1.5 percent.
The broader indices also plummeted. 528 shares advanced where as 712 shares declined on NSE.
The
most
active
shares
were
that
of
SBI,
Oil
India,
Reliance
Infra,
Reliance
Industries,
Mahindra
Satyam,
Tata
Steel
and
L&T.
12:30
AM
Benchmarks plummet; oil & gas declines
At 9:30 hrs, BSE Sensex was 17,681.4 down 92.85 points and NSE Nifty was 5300.35 down 33.15 points.
Benchmarks Nifty and Sensex started the day in red. Asian markets were trading in red.
The frontliners including Reliance Industries, ICICI Bank, PNB, HDFC Bank, HDFC, IDFC, Tata Steel, Unitech, DLF, ONGC, Infosys and Jaiprakash Associates were flat in trade.
Wipro, Maruti, Power Grid, Reliance Power, Reliance Infrastructure and Tata Power witnessed buying in the market.
The
broader
indices
all
plunged
down.
AstraZenca
went
up
by
20
percent
and
Sulzer,
was
up
by
3.7
percent.
9:50
AM
OneIndia News