Indices end lower ahead of exit polls
Mumbai, May 13: Indian stock markets ended lower after an extreme volatile session throughout the day ahead of the exit polls results announcement on Wednesday, May 16.
The 30-share BSE Sensex shut down at 12,019.65, down 1.14pc or 138.38 points, after seeing a swing of 322 points between an intra day high of 12,256.43 and low of 11,934.44. The 50-share NSE Nifty closed 1.25pc or 45.85 points lower at 3,635.25; it swung 99.4 points between day's high/low of 3709.60 and 3610.20, respectively.
The
main
reason
for
markets
to
remain
choppy
throughout
the
day
was
because
people
will
get
some
idea
that
who
will
be
frontrunners
for
forming
a
government
after
the
exit
poll
result
announcement
in
the
evening.
04:40
PM
Market breadth positive; trading lower
Markets recovered from its days low and were trading marginally lower at noon. The Sensex was down 38.32 points or 0.32 per cent at 12119.71, and the Nifty was down 22.35 points or 0.61 pc at 3658.75, at 13:47 hours IST.
Reliance
Industries,
Infosys
Technologies
and
ICICI
Bank
were
major
players
pulling
Sensex
down.
While
Bharti
Airtel,
HDFC
and
BHEL
were
positive
contributors.
The
market
breadth
was
positive,
about
1418
shares
advanced
while
1186
shares
declined.
Nearly
513
shares
were
unchanged.
02:30
PM
Markets extend losses
The 50-share NSE Nifty was trading at 3,624, down 56 points and the Sensex fell 186 points, to 11,971, at 12:55 hours IST. Broader indices were flat. Markets extended losses and lost nearly half of its previous gains, ahead of election results on Saturday, May 9.
Profit
booking
was
seen
in
banking,
technology,
oil
&
gas
exploration,
infrastructure
and
metal
companies" shares.
However,
there
was
some
support
from
stocks
like
HDFC,
DLF,
ACC,
Grasim,
Hindalco,
Bharti
and
Siemens.
12:00
PM
Markets open weak, trading choppy
Markets open weak, trading choppyAfter a smart show on Tuesday, May 12, markets opened in red on Wednesday, May 13. Asian markets were also quiet in the trade. At 9:57 am, the Sensex was down 9 points, to 12,148 while the Nifty gained 6 points at 3,687. The CNX Midcap went up just 13 points, to 4,054.
Technology,
banking
and
metal
stocks
were
major
losers.
The
key
gainers
of
the
opening
trade
were
Cairn,
DLF,
Hindalco,
ACC,
Reliance
Capital,
Reliance
Infrastructure,
Grasim,
L&T,
Reliance
Power,
Nalco,
Ambuja
Cements
and
PNB.
However
ICICI
Bank,
HDFC,
Infosys,
Wipro,
BHEL
and
Bharti
were
trading
lower.
10:30
AM
OneIndia News