Raid in LIC office: Markets fall drastically

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Sensex bull
Mumbai, Nov 24: Following the news that Central Bureau on Investigation (CBI) raided the office of LIC Housing Finance in Mumbai, Delhi, Kolkata and Chennai on Nov 24, drastic falls have been noticed in markets while closing.

The 50-share NSE Nifty plunged 69 points or 1.16 percent to settle at 5,865.75. Even the broader indices like BSE Midcap and Smallcap indices slipped 0.56-1.11 percent.

Mah and Mah, Dr Reddys Labs, Bharti Airtel, Tata Steel, who among the top gainers, were at 2.95 percent, 1.20 percent, 0.81 percent, 0.73 percent up respectively.

DLF, SBI, PNB, ICICI Bank, who among the top losers, were at 3.66 percent, 3.47 percent, 3.03 percent, 2.75 percent down respectively.
5:00 PM

Nifty down 15.6 pts; HDFC, Wipro dip

At 2:50 pm, the Sensex was trading at 19676, down 15.6 points and the Nifty was at 5929, down 5.7 points.

M&M, Tata Motors, Reliance Industries, who among the top gainers, were trading at 3.92 percent, 1.80 percent, 1.41 percent up

respectively.

HDFC, Wipro, BHEL, who among the top losers, were trading at 2.53 percent, 1.49 percent, 1.44 percent down respectively.
3:15 PM

Markets struggle to hold lost power; Nifty at 5965

Following the buying in heavyweights like Reliance Industries, Tata Motors, ICICI Bank, Bharti Airtel and NTPC, the market on Nov 24 tried to hold its power in the afternoon trading.

At 12:32 pm, the Sensex was trading at 19792, up 100 points and the Nifty was at 5965, up 30 points. The broader indices were outperforming benchmarks; the BSE Midcap Index was up 1 percent and Smallcap up 1.5 percent.

M&M, Tata Motors, Reliance Industries, who among the top gainers, were trading at 4.21 percent, 3.07 percent, 1.85 percent up respectively.

HDFC, TCS, L&T, who among the top losers, were trading at 1.32 percent, 0.98 percent, 0.95 percent down respectively.
12:55 PM

Market opens on +Ve note; Airtel, Tata Motors up

The markets started trading on a positive note after huge loss on Tuesday, Nov 23.

Indices were seeing some volatility ahead of F&O expiry for the month of Nov.

NTPC, Tata Power, Bharti Airtel, M&M, Bajaj Auto, Sesa Goa, SBI, ICICI Bank, Hindalco, Kotak Mahindra Bank, DRL, BHEL, Tata Motors, Reliance Industries, HUL and ITC were on buyers radar.

L&T, Power Grid, HCL Tech, Wipro and Infosys were witnessing loss in trade.

At 9.48 hrs, BSE Sensex was 19,752.88 up 61.04 points and NSE Nifty was 5,953.80 up 19.05 points.

The most active in trading were SBI, Reliance, ICICI Bank and Tata Motors.

The top gainers were Mah and Mah up 2.14 percent, Bharati Airtel 2.05 percent, Tata Motors up 1.01 percent and DLF up 0.90 percent.

The top losers were Wipro down 1.64 percent, Larsen down 1.54 percent, Power Grid corp down 1.47 percent and TCS down 1.07 percent.
09:45 AM

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