Sensex closed below 11k, Nifty below 3400

Mumbai, Apr 15: The Sensex closed below the 11,000 mark while the Nifty slipped below the 3400 mark. Broader indices have outperformed for the eighth day. However, Inflation did not influence the markets.

Reliance Industries, ONGC, DLF, Bharti, SAIL, L&T, Reliance Communication, SBI, Tata Motors, BHEL and ICICI Bank were active in this fall.

Infrastructure, rate sensitives, commodities and telecom stocks saw huge selling pressure.

The 30-share BSE Sensex closed at 10,947.40, down 2.99 per cent, after hitting day's low of 10,900.47. The 50-share NSE Nifty touched today's low of 3354.20, before closing at 3369.50, down 3.29per cent.

While Suzlon Energy fell 18.68 per cent; Tata Motors, Reliance Infrastructure, DLF, Tata Steel, Unitech and Cairn India slipped 8-14 per cent, among the frontliners.

The BSE Midcap Index closed at 3,438.73, down 163.16 points or 4.53 per cent. The Smallcap Index slipped 4.72% or 194.46 points, to settle at 3,928.99. Due to the fall in indices, the market breadth was in favour of declines. About 1054 shares advanced, 1941 shares declined and 100 shares remained unchanged.
4:20 PM

Sensex fell 306 pnts, Nifty trading below 3400
At 1:12 PM Nifty was trading below 3400, which was down 100 points, to 3,388 and the Sensex fell 306 points, to 10,978. The broader indices were experiencing selling pressure. Volatility is not out yet. BSE Midcap and Small Cap indices fell over 1 per cent.

The gainers among the frontliners were ITC, Wipro, HUL, Unitech, Sun Pharma, Maruti, BPCL and PNB. However, Tata Motors slipped 11 per cent, Cairn India, Suzlon Energy, Ranbaxy Labs, Tata Steel and Idea Cellular were down 5 to 7.4 per cent. Ambuja Cements, L&T, DLF, Axis Bank, Hindalco, ONGC, Reliance Industries, Reliance Petroleum, M&M, Sterlite and Reliance Infrastructure dipped 3 to 4.7 per cent.

India Infoline, Nagarjuna Construction, HMT, Deccan Chronicle and Dish TV India fell 9.5 to 12 per cent among the midcaps. And the midcaps that went up were Shriram Transport Finance was up 15% and Jai Corp gained 10%. Redington, Amtek Auto and Aurobindo Pharma with a rate of around 6 per cent.

In the small caps space, Titagarh Wagons, Mukand, ITI, ABG Shipyard and Kalyani Steels lost 9.5 to 10 per cent. Eveready Industries, Supreme Industries, Network 18 and Alkali Metals went up 8.5 to 10 per cent

Gitanjanli Gems is still seeing an increase with the surge of 24.55 per cent.

The Market breadth was negative with about 1334 shares advanced, 1638 shares declined and 123 shares unchanged.
1:30 PM

Mrkts slump, broader indices slip to red
At 11:36 AM, the Sensex was trading at 11,122, down 162 points and the Nifty was trading at 3,441, down 42 points. Markets face a decline by 81 points and the broader indices slip to the red.

Shares of oil & gas exploration, banking, capital goods, power companies, and stocks like Infosys, Tata Motors, Tata Steel, NTPC, Tata Power and Ambuja Cements slumpped.

Buying carried in shares of FMCG, oil marketing companies, and in stocks like Bharti, Unitech, Sun Pharma, SAIL, Maruti, Grasim and Reliance Capital.

As Cairn India, Reliance Petroleum, Reliance Industries and ONGC fell 2.5-5.5 per cent, the BSE Oil & Gas Index came down 2 per cent.

The BSE IT Index slipped 1.8per cent as Infosys, Wipro, HCL Tech and TCS lost 1-2.6 per cent.

Decline of 1.3-3.4 per cent was seen in Capital Goods stocks like Punj Lloyd, L&T and BHEL . In the banking arena, Axis Bank, HDFC Bank, ICICI Bank and SBI fell 1-2.4 per cent.

Among those active on the markets were Reliance Capital, Reliance Industries, Unitech, Reliance Infrastructure, RNRL, ICICI Bank and SBI.

1602 shares advanced while 1367 shares declined, and 126 shares were unchanged. The market breadth was in favour of advances.
12:00 PM

Mrkts open positive, broader indices outperform
At 9:57 AM, the Sensex was trading at 11,332, up 48 points and the Nifty was trading at 3,500, up 15 points. The CNX Midcap went up 73 points, to 4,031. About 622 shares advanced while 76 shares declined on the NSE.

Supported by the positive Asian markets, the markets opened on positive note and was trading higher amid volatility. Broader indices continue to outperform the benchmark indices.

The gainers among the frontliners were Hindalco, Nalco, Suzlon, Unitech, Reliance Communication, HCL Tech, SAIL, Reliance Capital and ACC. Reliance Industries, Ranbaxy Labs, Cipla, Infosys, Tata Communication, ONGC, Tata Motors and Tata Steel were the losers.

Gitanjali Gems leaped 22 per cent due to the buyback news.

SPARC, HCC, IRB Infra, GVK Power, Ansal Properties, Essar Oil, Hindustan Motors and Amara Raja Batteries went up 7-20 per cent. However, Akruti City was stayed at 5 per cent.
10:30 AM