Sensex flat; SBI, ONGC, HUL, PNB up

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Sensex
Mumbai, Aug 12: At 3.06 pm, the Nifty was hovering around 5400 on weak global cues. It was a changing session for the markets. And SBI was up by more than 1pc.

The Sensex was down 6.22 points or 0.03pc at 18063.97, and the Nifty was down 2.00 points or 0.04pc at 5418.60. About 1345 shares advanced, 1692 shares declined, and 337 shares were unchanged. Sensex flat; SBI, ONGC, HUL, PNB, Hindalco up

Index heavyweight Reliance was trading at Rs 971.60 down 1.11pc from its previous close of Rs 982.55. Tech major Infosys and Refinery major HPCL were also trading low

Top gainers on the BSE Midcap: Eicher Motors, Religare Enterprises and were up 4-7pc.

Top losers on the BSE Midcap: Educomp Solutions,and Essar Shipping were down 3-6pc.

Top gainers on the BSE Smallcap: Rainbow Papers, Prime Securities and were up 8-15pc.

Top losers on the BSE Smallcap: MarathonNextgen, Hatsun Agro and were down 5-8pc
3:53 pm

Mkts continue -ve; ONGC, ICICI, Idea dip

The benchmarks, which have been trading on a rough patch over the past couple of hours, recouped from the early losses for a while on better-than-expected numbers from SBI. They, however, are now in the red.

At 2: 30 pm, BSE Sensex was at 18,037.60, down 32.59, and NSE Nifty was at 5411.00, down 9.60 points.

Sell-off continued in Reliance Industries, Infosys, Wipro, ITC, Sterlite, Bharti, HDFC Bank, SAIL, TCS, NTPC, M&M, Ranbaxy and BHEL.

ONGC, ICICI Bank, HUL, Axis Bank, JSPL, Idea, PNB, Hindalco, Tata Motors, L&T and Sun Pharma were other losers.
2: 32 PM

Mkts in red on selling in IT, metal, realty, power

After recoup from the opening low, the Nifty has gone back to hovering around the 5400 mark and Sensex also continued in red.

At 11: 45 am, BSE Sensex was trading at 18006, down 64 points and NSE Nifty was at 5398, down 22 points.

Even though some of the heavyweights like Reliance Industries and ITC were down, ONGC, SBI, HUL, Cairn, BPCL, Axis Bank, Idea Cellular, Reliance Power, Cipla, ABB, IDFC, Reliance Communications, L&T and ACC were proving to be supportive forces on the markets.

However, selling was continued in technology, metal, realty, private financial, power and select auto companies' shares.
12: 07 PM

Sensex tanks 100 points on opening bell

Selling pressure and weak global cues forced the Indian benchmarks to open the day in red. Nifty has started the day below the 5400 mark while Sensex tanked 100 points in early trade.

With the Bank of England cutting forecasts for Britain's GDP for 2011, the global markets are not in a favourable position. Pressure was seen in commodity, technology, realty and select financial companies' shares.

At 9:01 am, BSE Sensex was trading at 17937, down 132 points and NSE Nifty was at 5381, down 39 points. The CNX Midcap was alos down 61 points to 8514.

Sterlite Industries, Tata Steel, Wipro, HCL Tech, Unitech, Reliance Industries, DLF, ICICI Bank, Infosys and Siemens India were the frontliners reeling under selling pressure in early trade.

However, on the positive side, Cairn India rose 2 per cent. IOC, HPCL, BPCL, SBI, HUL and ITC were among the others in the green territory.
9: 19 AM

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