Sensex ends below 20k; FMCG, oil & gas drag
Markets were dragged by metal, FMCG and oil & gas stocks. However, auto and realty stocks witnessed some buying interest.
In the commodities front, Gold powered to another above USD 1,311 an ounce with its ninth record-high session this Sep
The Sensex was down 148.52 points or 0.74pc at 19956.34, and the Nifty was down 38.20 points or 0.63pc at 5991.30.
In the largecap space, Tata Motors, Power Grid, Sun Pharma, and Hero Honda were up 0.4-2.4pc.
Sterlite
Industries,
ITC,
ONGC,
and
Maruti
Suzuki
were
down
2.5-8.5pc.
4:25
pm
Trading continues on red, Sterlite down
Trading continued on negative note as investors locked in profits ahead of the expiry of monthly derivatives after the market had rallied nearly 12% over four weeks.
Sterlite Industries was facing biggest loss in trade after the Economic Times reported that a court had ordered closure of the metal producer's copper smelting plant in south India citing pollution and health hazards.
At 02.30 hrs, BSE Sensex was 19,994.12 down 110.74 points and NSE Nifty was 5996.50 down 33.00 points.
The most active in trading were Sterlite Ind, Tata Steel, SBI and Tata Motors.
The top gainers were Tata Motors up 2.31 percent, Unitech up 1.79 percent, Power Grid Corp up 1.59 percent and Sun Pharma up 1.19 percent.
The
top
losers
were
Sterlite
Ind
down
7.83
percent,
BPCL
down
2.69
percent,
ITC
down
2.38
percent
and
ONGC
down
2.06
percent.
02:30
PM
Market
plunges,
Sterlite,
BPCL,
ITC
down
Trading
dipped
into
red
as
investors
locked
in
profits
ahead
of
the
expiry
of
monthly
derivatives
after
the
market
had
rallied
nearly
12%
over
four
weeks.
At 01.00 hrs, BSE Sensex was 20,018.78 down 86.08 points and NSE Nifty was 6007.50 down 22.00 points.
The most active in trading were Sterlite, Tata Steel, SBI and Tata Motors.
The top gainers were Power Grid Corp up 2.15 percent, Siemens up 1.85 percent, Unitech up 1.73 percent and Tata Motors up 1.60 percent.
The
top
losers
were
Sterlite
Ind
down
7.09
percent,
BPCL
down
2.48
percent,
ITC
down
2.19
percent
and
ONGC
down
1.69
percent.
01:00
PM
Market
opens
in
green,
telecom,
power,
realty
up
Market
started
trading
on
positive
note
and
was
trading
around
6050
mark.
Asian
markets
were
trading
higher
with
gains.
IT, telecom, power, realty and auto stocks were witnessing buying pressure. Selling was seen in metal stocks.
At 09.35 hrs, BSE Sensex was 20,152.56 up 47.70 points and NSE Nifty was 6043.75 up 18.65 points.
The most active in trading were Sterlite, Tata Steel, DLF and Reliance.
The top gainers were Tata Steel up 1.90 percent, DLF up 1.60 percent, Sun Pharma up 1.27 percent and Power Grid Corp up 1.26 percent.
The
top
losers
were
Sterlite
Ind
down
7.09
percent,
HDFC
down
0.92
percent,
Suzlon
Energy
down
0.74
percent
and
BPCL
down
0.55
percent.
09:35
AM
OneIndia News