Markets end lower amid extreme volatility
Mumbai, Apr 21: The 30-share BSE Sensex closed 81.39 points or 0.74 per cent lower at 10,898.11, after hitting an intraday high of 11,068.82 and low of 10,764.08. The 50-share NSE Nifty was down 0.35 per cent or 11.80 points, to settle at 3,365.30; it touched a high/low of 3,414.70 and 3,309.35, respectively.
The
benchmark
indices
ended
on
a
negative
note.
The
Indian
stock
markets
saw
a
volatile
session
throughout
the
day.
Banking,
capital
goods,
technology,
metal,
auto
and
select
power
companies
saw
sell-off.However,
telecom,
FMCG
sectors
and
stocks
like
DLF,
HDFC
Bank,
Sun
Pharma,
SAIL,
Hindalco,
Tata
Power
and
Grasim
witnessed
buying
interest.
Reliance
Industries,
ONGC
and
NTPC
played
a
key
role
in
Tuesday,
Apr
21's
volatility.
05:00
PM
Mkts choppy with a negative bias
At 2: 19 PM, the Sensex was down 67.80 points or 0.62 per cent at 10911.70, and the Nifty was down 5.60 points or 0.17 per cent at 3371.50. Markets were experiencing choppy trade with negative bias.
FMGC,
realty,
telecom
stocks
saw
buying
interest.
Banks,
auto,
capital
goods
and
metal
stocks
saw
selling
pressure.
Sensex
was
supported
by
stocks
like
ITC,
Bharti
Airtel,
HDFC
Bank,
ONGC
and
BHEL.
Reliancem
Infosysm
L&T,
ICICI
Bank
and
HDFC
proved
to
be
the
major
draggers.
The top gainers were Bharti Airtel at Rs 726.95 up 5.54 per cent, DLF at Rs 240.50 up 4.20 per cent, Sun Pharma at Rs 1,225 up 3.59 per cent, ITC at Rs 189.90 up 3.09 per cent and Hindalco at Rs 54.75 up 2.24 per cent.
The top losers were Tata Motors at Rs 233.50 going down by 5.12 per cent, Tata Steel at Rs 250.70 down 4.62 per cent and ICICI Bank at Rs 409.80 down 3.93 per cent, Sterlite Ind at Rs 388 down 2.83 per cent and Reliance Infra at Rs 678.10 down 2.71 per cent.
The
market
breadth
was
negative.
About
1434
shares
advanced
while
1524
shares
were
declined,
and
139
shares
remained
unchanged.
2:58
PM
Mrkts
continue
trading
lower
amid
volatility
At
10:47
AM,
the
Sensex
was
trading
at
10,848,
down
131
points
and
the
Nifty
was
down
30
points,
to
3,347.
The
markets
were
trading
lower
amid
volatility.
The selling was seen in shares of oil & gas, financial, capital goods, realty, select metal and power companies. The indices were supported by Bharti, ITC, NTPC, Wipro, TCS, SAIL, Grasim, Hindalco and Tata Power .
Broader indices - BSE Midcap Index fell 1% and Smallcap Index lost 0.7per cent.
ICICI Bank, Sterlite, Reliance Infrastructure, SBI, Jaiprakash Associates, Suzlon Energy, Unitech and Axis Bank were among the frontline which went down 3 to 5.5 per cent.
BSE Bankex slipped over 3 per cent, ahead of RBI's Credit Policy. ICICI Bank and Axis Bank fell over 4.6 per cent. SBI and HDFC Bank slipped 1.6-2.7 per cent.
Realty and Capital Goods indices declined 2 per cent each. Healthcare, Metal, Power and Auto indices slipped by 1 per cent.
The market breadth was negative. About 1316 shares advanced while 1631 shares declined and nearly 150 shares were unchanged.
Asian
markets
were
trading
lower.
12:00
PM
Mkts
open
low
due
to
negative
global
cues
At
9:56
AM,
the
Sensex
was
trading
at
10,852,
down
127
points
and
the
Nifty
fell
34
points,
to
3,343.
The
CNX
Midcap
fell
51
points,
to
3,876.
Markets
open
low
due
to
the
negative
global
cues.
Metal, capital goods, banking and realty stocks saw pressure
The losers among the frontliners were Suzlon, DLF, ICICI Bank, Axis Bank, Tata Steel, Sterlite, L&T, BHEL, HDFC Bank, Unitech, Cipla, Tata Motors and ONGC.
The gainers were BPCL and TCS which went up by 2.5 per cent.
In the Midcap and small cap arena, GHCL slipped 14 per cent, as the market regulator SEBI barred promoters from stock trading, Polaris was up 2.5 per cent on good guidance. However, Rolta, Kotak Mahindra Bank, Mercator Lines, Gujarat NRE Coke, RNRL and Punj Lloyd fell 2 to 5 per cent.
The
Asian
markets
receded
and
the
US
markets
have
slipped
to
the
red
due
to
the
biggest
drop
in
financial
shares
in
three
months.
10:25
AM
OneIndia News