Mkts end flat, mkt breadth marginally negative
Mumbai, Apr 27: The 30-share BSE Sensex closed 42.80 points or 0.38 per cent higher at 11,371.85. The 50-share NSE Nifty closed at 3470, down 0.31 per cent or 10.75 points. BSE Midcap slipped 0.44 per cent or 15.81 points, to 3,584.28 and Smallcap Index fell 1.01 per cent or 41.12 points, to end at 4,027.14.
The markets closed on a flat note. Both the indices saw volatility throughout the session.
While buying in ICICI Bank, Wipro, TCS, BHEL, Sterlite, L&T, ITC, Axis Bank, Sun Pharma, Maruti and HDFC Bank supported the markets and capped the losses; Power, metal, oil & gas and select telecom stocks, and stocks like SBI, HUL, Infosys, ACC, Ranbaxy, Tata Motors and Hero Honda saw selling pressure.
Market breadth was marginally negative. About 1386 shares advanced while 1595 shares declined and nearly 125 shares unchanged.
The
Global
cues
were
weak
and
the
Asian
Markets
ended
lower.
4:28
PM
Mkts
volatile;
SBI,
HUL
see
selling
pressure
At
1:
02
PM
the
Sensex
was
trading
at
11,368,
up
39
points
while
the
Nifty
was
down
5
points,
to
3,475.
The
markets
were
experiencing
volatility.
Shares of power, metal, oil marketing companies as well as in individual stocks like Bharti Airtel, Reliance Communication, SBI, Infosys, HUL, Ranbaxy, Reliance Capital and Siemens saw selling pressure. However, Reliance Industries and ONGC were marginally weak.
Buying continued in ICICI Bank, TCS, BHEl, Sterlite, Sun Pharma, HDFC Bank, Axis Bank, Ambuja Cements, Cipla, Wipro, PNB, DLF, L&T and Idea.
Reliance Power, GVK Power, Reliance Infrastructure, Power Grid Corp, Suzlon Energy, Tata Power, GMR Infra and NTPC fell 1.5 to 4 per cent among the poer stocks.
In metal, SAIL, Sesa Goa, Jindal Saw, JSW Steel, Hindalco, NALCO, Tata Steel and Hindustan Zinc declined 1.4 to 3.6 per cent
Oil & Gas stocks like Cairn India and BPCL fell 2.2 per cent each. Reliance Petroleum, Reliance Industries, ONGC and HPCL slipped 0.5 to 1 per cent.
Advanta, Redington, BGR Energy, Kirloskar Brothers and Federal Bank were up 6 to 10.6 per cent while Indiabulls Real, Deccan Chronicle, Jai Corp, Anant Raj Industries and Praj Industries fell 5 to 11 per cent in the Midcap space.
In
small
caps,
Suashish
Diamon,
Timken,
Sanghi
Industries,
Mcnally
Bharat
Engg
and
Aarti
Industries
gained
9
to
20
per
cent.
However,
Accentia
Techno,
PNB
Gilts,
Micro
Inks,
Zenith
Infotech
and
Brigade
Enterprises
declined
7.6
to
9
per
cent.
2:40
PM
Indices
up,
buying
in
realty,
capital
goods
At
11:25
AM
the
Sensex
was
trading
at
11,359,
up
30
points
while
the
Nifty
fell
just
3
points,
to
3,477.
The
broader
indices
went
up
over
1
per
cent.
The markets was supported by the buying in financial, capital goods, cement, realty stocks and in stocks like Idea, Cipla, Sun Pharma, Reliance Capital, Reliance Infrastructure and Suzlon Energy.
The sell-off capping the gains was seen in technology, FMCG, metal, select power stocks as well as in individual stocks like Bharti, ONGC, Maruti, Ranbaxy, Hero Honda, SBI and Siemens.
The BSE Bankex was up 2.5 per cent, the Capital Goods Index went up 2 per cent but the IT Index lost 1 per cent, in the sectoral field.
Advanta, BGR Energy, Kirloskar Brothers, Essar Shipping and BEML went up by 6 to 14 per cent in the midcap stocks.
In the small cap arena, Swaraj Mazda, Mcnally Bharat Engg, Timken, TTK Prestige and Paper Products gained 8 to 11per cent.
The
market
breadth
was
in
favour
of
advances
due
to
positive
broader
indices.
About
1779
shares
advanced
while
1197
shares
declined
and
nearly
130
shares
were
unchanged.
12:30
PM
Mkts
open
low
on
weak
cues
from
Asian
mrkts
At
9:57
AM,
the
Sensex
was
trading
at
11,195,
down
133
points
and
the
Nifty
fell
41
points,
to
3,439.
The
CNX
Midcap
Index
was
flat
at
3,966.
The markets opened lower due to weak numbers from the large cap stocks like ICICI Bank, Ranbaxy Labs and profit booking in oil & gas, power, auto and select technology and financial stocks.
The gainers among the frontliners were DLF, Axis Bank, ICICI Bank, Ranbaxy Labs, HCL Tech, Maruti, Unitech, SBI, Tata Motors, HDFC, Reliance Capital , Reliance Power, Reliance Infrastructure, Tata Power, Wipro and Infosys.
As a result of good earnings Cipla and Idea Cellular gained 1 to 2 per cent.
In the Midcap and Small cap sapce, HCC, GMR Infra, IVRCL Infra, Wockhardt, Ballarpur Industries and Raymond were the losers; while Birla Power, Orchid Chem, Aban Offshore, Petronet LNG, Strides Arcolab and United Phosphorous gained.
Posting good numbers give 3i Infotech a boost of 8 per cent.
The
Asian
markets
were
trading
lower
which
had
adverse
impact
on
Indian
Markets
too.
10:17
AM
OneIndia News