Mumbai, Jul 30: The benchmark Sensex shed 124 points on Friday, Jul 30,dragged by IT, FMCG, capital goods, realty, cement, select auto, metal and power companies.
Heavyweight ICICI Bank fell to 3pc; Reliance Industries closed flat.
European markets Britain's FTSE, France's CAC and Germany's DAX were at 0.5-0.7pc lower. Dow Jones and Nasdaq futures fell 0.4pc each.
Asian markets like Straits Times, Kospi, Taiwan, Hang Seng and Shanghai declined 0.3-0.65pc. Nikkei fell 1.64pc. The 30-share BSE Sensex closed at 17,868.29, down 123.71 points or 0.69pc and the 50-share NSE Nifty fell 41.30 points or 0.76pc to settle at 5,367.60.
ABB reported 54.5pc decline in profit of Rs 38 crore while CNBC-TV18 expected at Rs 84 crore. It was the top loser on NSE Nifty; lost 4.3pc.
PAT was down 22pc at Rs 156.1 crore. The BSE Capital Goods Index was down over 1pc; BHEL and L&T declined 1pc each. Siemens lost 3pc.
TCS, Infosys and Wipro from technology pack were down 1-1.6pc while HCL Tech rallied 3.7pc, as June quarter numbers were very strong.
Bharti Airtel was the leading loser on Nifty; fell 3.2pc. Among other telecom stocks, Reliance Communications was down 1.7pc while Idea Cellular rose 2.8pc.
India's largest 2-wheeler maker Hero Honda reported less-than-expected numbers on Thursday after market hours. Its Q1 net profit was down 1.6pc at Rs 492 crore while expectation was at Rs 563 crore. The stock slipped over 3pc and Tata Motors fell 2.35pc while M&M gained 2.7pc.
ONGC recovered some losses and ended 0.5pc lower. Its Q1 net profit was down 24pc at Rs 3661 crore while expectation was at Rs 3920 crore. In the oil & gas space, GAIL lost 3pc while BPCL rose 0.4pc.
Markets red; SBI, SpiceJet active
At 1:18 pm, the 30-share BSE Sensex was down following weak global cues.
European markets were down 0.4pc each; Nikkei was down 1.6pc; Shanghai, Hang Seng, Straits Times, Kospi and Taiwan fell 0.3-0.65pc. Dow Futures declined 28 points.
Selling was in Bharti Airtel, ONGC, ICICI Bank, Infosys, TCS.
Hero Honda and Tata Motors were on market pressures
Buying continued in SBI, HDFC Bank, M&M, Tata Steel, ITC, L&T, JSPL, Hindalco, Maruti, HDFC and RIL.
The Sensex was at 17932, down 60 points and the Nifty was at 5389, down 19 points.
Most active exchangers were Aster Silicates, SBI, SpiceJet, Reliance Industries, IRB Infra, Hero Honda and Tata Steel.
In the midcap space, Central Bank, Omaxe, Oriental Bank, HCC and Jubilant Foodwoks rallied 4.7-7.6% while Bombay Rayon, Petronet LNG, Sterlite Tech, Chambal Fertiliser and Federal Bank lost 2.7-4.7pc.
In the smallcap space, Sandur Manganes was at 20pc upper circuit. INOX Leisure, Everest Inds, Prime Focus and Piramal Glass were up 8.5-15.6pc while LGS Global, Heritage Foods, Hawkins Cooker, Spice Mobility and Disa India slipped 3.6-5pc.
HCC rose 5pc in net profit at Rs 28.3 crore. The company has approved 1:1 bonus issue as well as IPO for its Lavasa unit,holding 65pc stake.
Nifty in tight range; Hero Honda, Siemens dip
At 11:45 am, the 50-share NSE Nifty range was 5385-5413, with a negative bias. It has been consolidating around 5400 mark for third consecutive week.
Asian markets were dragged since early trade; Shanghai and Nikkei fell 1-1.4pc. Hang Seng, Straits Times, Kospi and Taiwan were down 0.5pc each.
On Nifty ONGC was the leading loser while Siemens and Hero Honda were the biggest losers for the quarter ended June 2010.
Selling continued in PSU oil & gas, telecom, technology and realty companies' shares along with ICICI Bank, Tata Motors, ITC, NTPC, BHEL, HDFC, SAIL, Ambuja Cements and Reliance Infrastructure.
Buying was seen in SBI, Reliance Industries, HDFC Bank, M&M, PNB, L&T, Kotak, Mahindra, Tata Steel, JSPL, Maruti, Ranbaxy Labs, Hindalco, Sun Pharma and ACC, which capped the losses to large extent.
The Sensex was at 17940, down 52 points and the Nifty was at 5392, down 16 points. While the broader indices outperformed the benchmark indices; gained 0.7pc each.
Top gainers - HCL Tech was at Rs 390, up 3.16pc; Ranbaxy Labs was at Rs 450.95, up 2.04pc; Kotak Mahindra was at Rs 777.85, up 1.69pc; M&M was at Rs 653.05, up 1.42pc; Suzlon Energy was at Rs 57.15, up 1.42pc; SBI was at Rs 2,505.55, up 1.31pc; Tata Steel was at Rs 539.20, up 1.07pc; Hindalco was at Rs 162.05, up 0.71pc and Maruti Suzuki was at Rs 1,205.65, up 0.68pc.
Top losers - Hero Honda was at Rs 1,819.70, down 2.91pc; Siemens was at Rs 701.40, down 2.73pc; GAIL was at Rs 442.60, down 2.24pc; Tata Motors was at Rs 850.30, down 1.89pc; ONGC was at Rs 1,227.10, down 1.56pc; Bharti Airtel was at Rs 313.70, down 1.03pc and Wipro was at Rs 412.35, down 0.98pc.
Most active exchangers were Aster Silicates, SBI, SpiceJet, IRB Infra, ARSS Infra, Reliance Industries, Hero Honda and Tata Steel
In the midcap space, Central Bank, Omaxe, Oriental Bank, Berger Paints and Andhra Bank rallied 4-8pc while Petronet LNG, Ipca Labs, IVRCL Assets, Sterlite Tech and Chambal Fertiliser fell 2.4-3.3pc.
BSE advanced 1832 shares while 1321 shares declined. Nearly 199 shares were unchanged
Nifty starts on a lower note with weak global cues
Following the weak global cues and disappointing earnings, Nifty had started the session on a lower note.
Telecom, technology, select auto and select financial companies' shares were under pressure.
At 9:01 am, the Sensex was trading at 17928, down 63 points and the Nifty was at 5389, down 20 points. About 360 shares advanced while 367 shares declined.
Siemens and ONGC tumbled 2 percent, Hero Honda lost 4 percent post disappointing numbers.
However, HCL Tech rose 1 percent.
Maruti Suzuki, ABB, Cipla L&T and Suzlon Energy were among the other gainers.
Central Bank of India rose 6 percent and Bank of Maharashtra gained 3 percent post good numbers.