Heavy selling pressure; markets end lower
Mumbai, Feb 17: Markets saw heavy selling for the second consecutive day and ended sharply lower. The BSE Sensex was below 9000 mark in the last hour of trading due to the heavy fall of rate sensitive, infrastructure, metal, technology and oil & gas stocks.
BSE's
30
share
index,
Sensex
has
hit
an
intraday
low
of
8,994.34,
but
some
short
covering
in
late
trade
helped
it
to
get
back
above
9000
mark
and
closed
at
9,035,
down
270.45
points
or
2.91
per
cent.
The
50-share
NSE
Nifty
shut
shop
at
2770.50,
down
78
points
or
2.74
per
cent,
after
hitting
a
low
of
2757.30.
04:15
PM
Sensex at 9k; realty, power tumbling
Sensex which is trading under extreme pressure is moving towards 9000 mark. Realty, metal, banking, technology and power stocks are tumbling. The 50-share NSE Nifty was trading at 2,768, down 80 points and the 30-share Sensex was at 9,034, down 271 points, at 1:35 hours IST. Broader indices like BSE Midcap and Small cap indices fell 2-2.5 per cent.
Reliance
Industries,
ONGC,
NTPC,
ICICI
Bank,
Infosys,
SBI,
TCS,
DLF,
SAIL,
HDFC
Bank
and
Reliance
Communication
tanked
2-7
per
cent.
While
the
realty
tumbled
5.5
per
cent.
IT,
TECK,
Oil
&
Gas,
Power
and
Auto
indices
slipped
2-3.7
per
cent.
02:10
PM
Indices trading lower, Nifty below 2,800
Mumbai, Feb 17: Sell-off in rate sensitive, infrastructure, metal, telecom and oil & gas stocks has made benchmark indices continue to trade lower. The negative Asian markets are also putting pressure on our markets.
The Sensex was trading at 9,108, down 196 points and the Nifty was at 2,789, down 59 points, at 10:44 hours IST. Broader indices are also following same trend; BSE Midcap and Small cap indices fell 1.4-1.8 per cent.
Among
frontliners,
Reliance
Industries,
ONGC,
SBI,
Bharti
Airtel,
DLF,
ICICI
Bank,
NTPC,
BHEL,
HDFC,
SAIL,
TCS
and
Infosys
are
leading
contributors
to
this
fall.
11:42
AM
Markets continue to trade on a weak note
Mumbai, Feb 17: Markets continue to lose ground for the second day in a row following the disappointing interim budget presented by the UPA government on Monday, Feb 16.
At
10
am,
the
Nifty
went
down
50
points,
to
2,798
and
the
Sensex
was
trading
at
9,147,
down
159
points.
CNX
Midcap
fell
1
per
cent,
to
3,364.
10:47
AM
OneIndia News (With inputs from Agencies)