Market ends choppy
Mumbai,
Mar
19:
The
market
ended
in
the
green
on
Thursday,
Mar
19
after
flip-flopping
between
positive
and
negative
terrain
through
the
day.
The
positive
opening
on
European
bourses
helped
boost
sentiment
in
the
last
hour
of
trade.
Bombay Stock Exchange"s Sensex settled at 8,995.89, up 19.21 points or 0.21 per cent. The index swung in a 100-point band through the day.
National Stock Exchange"s Nifty rose 0.34 per cent or 9.4 points to 2804.10. The index moved in a range of 2822.25 and 2771.35.
BSE Midcap Index ended 0.45 per cent higher and BSE Smallcap Index was up 1.08 per cent.
Larsen & Toubro (-4.14pc), BHEL (-3.15pc), Tata Motors (-2.75pc), Reliance Communications (-2.03pc) and Mahindra & Mahindra (-1.8pc) remained under pressure.
Sterlite
Industries
(4.18pc),
HDFC
(2.53pc),
Tata
Consultancy
Services
(1.62pc),
Maruti
Suzuki
(1.7pc)
and
Sun
Pharmaceuticals
(2.33pc)
posted
modest
gains.
4.06
PM
Stocks
edge
lower;
capital
goods
under
pressure
Key
indices
slipped
into
the
negative
terrain
after
inflation
dropped
to
a
historic
low.
Capital
goods,
metals
and
FMCG
were
under
pressure.
Realty
and
technology
stocks
too
pared
gains
but
were
still
holding
up.
At 1:25 pm, Bombay Stock Exchange"s Sensex was down 0.54 per cent or 48.53 points at 8,928.15. The index fell to a low of 8,925.33 from a high of 9,086.77 in trade so far.
National Stock Exchange"s Nifty fell 0.45 per cent or 12.6 points to 2782.10. The index moved in a range of 2822.25 and 2772.80.
BSE Midcap Index was up 0.22 per cent and BSE Smallcap Index was up 0.66 per cent. Biggest Sensex gainers were Sun Pharmaceuticals (2.47pc), Tata Consultancy Services (1.61pc), Infosys Techonologies (1.33pc), Maruti Suzuki (1.16pc) and HDFC (0.98pc).
Tata Steel (-3.23pc), BHEL (-2.99pc), Tata Motors (-2.86pc), Hindustan Unilever (-2.69pc), Hindalco Industries (-2.66pc) and HDFC Bank (2.33pc) posted losses.
Market
breadth
on
BSE
showed
1192
advances
against
1062
declines.
2.26PM
Market
firm;
midcap
IT
stocks
buzzing
The
market
opened
on
a
firm
note
on
Thursday
and
held
onto
gains.
Realty
stocks
continued
their
upmove,
followed
by
consumer
durables
and
technology
stocks.
However,
FMCG
stocks
edged
lower.
But
secondline
stocks
outperformed
frontline
counters.
At 10:45 am, Bombay Stock Exchange"s Sensex was up 1.05 per cent or 94.15 points at 9,070.83. The index touched a high of 9,086.77 after opening at 9086.77.
National Stock Exchange"s Nifty rose 0.8 per cent or 22.3 points to 2817. The index moved in a range of 2822.25 and 2796.25 so far.
The broader market gathered momentum; the midcap IT space was in the limelight. The BSE Midcap and Smallcap indices climbed 1.48 per cent and 1.7 per cent respectively.
The
biggest
gainers
in
the
midcap
space
were
Mindtree
(34.17pc),
Tulip
Telecom
(18.77pc),
Essar
Shipping
(12.84pc),
Godrej
Industries
(11.67pc)
and
Kalpataru
Power
(11.31pc).
11.40
AM
Stocks
open
higher;
banks
lead
Equities
opened
higher
on
Thursday,
Mar
19
after
the
overnight
rally
on
Wall
Street.
Consumer
durables
and
banking
stocks
led
the
upmove.
Bombay Stock Exchange"s 30-share Sensex was up 46.36 points at 9023. National Stock Exchange"s benchmark Nifty climbed 17.50 points to 2812.20 from Wednesday, Mar 18 close.
The Dow Jones Industrial Average gained 90.88 points, or 1.23 per cent, to 7,486.58. The Standard & Poor's 500 Index advanced 16.23 points, or 2.09 per cent, to 794.35. The Nasdaq Composite Index rose 29.11 points, or 1.99 per cent, to 1,491.22.
OneIndia News