Mumbai, May 21: Indian markets end sharply lower owing to the profit booking and negative global cues that weighed on the markets the whole day. The Sensex ended at 13732.61, down 328.05 points or per cent and Nifty closed at 4210.95, down 59.35 points or 1.39 per cent.
In the broader markets, BSE Midcap Index closed 0.29 per cent higher and BSE Smallcap Index was 2.93 up per cent.
In the sectoral front, BSE Capital Goods Index closed 5.09 per cent lower, BSE Bankex declined 3.12 per cent and BSE Auto Index fell 2.07 per cent. BSE Oil and gas Index ended 0.79 higher.
The gainers on the Sensex, Larsen & Toubro, Maruti Suzuki, HDFC, ICICI Bank and Wipro. The gainers among the Nifty were ONGC, Reliance Communications, Ranbaxy Laboratories and NTPC.
The markets have seen profit booking since Monday after the markets hit the upper circuit.
Broader indices strong; HT Media, Wockhardt gain
At 1:37 PM the Sensex was trading at 13,953, down 106 points while the Nifty rose 7 points, to 4,277. Broader indices continue top trade stronger with the Midcap indiex rising up by 2.5 per cent and smallcap index gaining by 5.7 per cent.
Selling was seen in seen in capital goods, telecom, technology, FMCG, select financial, auto (barring Tata Motors) stocks. Oil and gas (barring Reliance Industries), power stocks, and Reliance Communication, Unitech and Ranbaxy Labs were witnessing buying interest.
Among the sectoral indices, BSE Oil & Gas, Realty, Metal and Power indices gained 1 to 2 per cent. However, Capital Goods, Auto and FMCG indices fell 1 to 2 per cent.
The gainers among the midcap stocks were HT Media, Info Edge, Wockhardt, Lakshmi Energy and Kirloskar Oil rising by 12.5 to 20 per cent. In the smallcap space, NIIT, Hinduja Venture, Prime Focus, Godawari Power and Vardhman Textiles gained by 20 to 21 per cent.
The inflation rate for the week eneded May 9, 2009 came in at 0.61 per cent as opposed to the 0.48 per cent level of the week before that.
Benchmarks continue poor on profit booking
The benchmark indices continue to slip on the back of the profit booking. At 11 AM , BSE Sensex was at 13882.59, down 178.07 points or 1.27 per cent and NSE Nifty was at 4243.85, down 26.45 points or 0.62 per cent. BSE Midcap Index went up 1.81 per cent and BSE Smallcap Index went up by 4.41 per cent.
In the sectoral front, BSE Realty Index surged 2.34 per cent, BSE Metal Index gained 1.22 per cent. BSE Bankex declined 2.23 per cent and BSE Capital Goods Index slipped 2.03 per cent.
On the Sensex, the gainers were Reliance Communications, Jaiprakash Associates, NTPC, Tata Steel and ONGC while the loosers were Maruti Suzuki, Larsen & Toubro, Mahindra & Mahindra, State Bank of India and ICICI Bank.
The negative global cues continue to weigh on the Asian and Indian markets
Mkts open flat; ICICI, L&T, HDFC lose
The Dalal Street opens flat as the benchmark indices start the day in the red. Sensex fell 80 points to 13,980 levels and the Nifty slipped 0.2 per cent to 4,260.
However, BSE small cap index rose 3.7 per cent and the BSE midcap index went up 2 per cent.
Buying interest was experienced by realty, IT and pharma stocks. Banking and auto were under pressure.
The gainers on the Nifty were BPCL, Reliance Capital, Unitech, Punjab National Bank, Cairn India, Suzlon Energy, DLF, Reliance Power, Ranbaxy Laboratories, Bharti Airtel while ICICI Bank, Larsen & Toubro, Idea Cellular, HDFC, Maruti Suzuki, Tata Communications, Tata Motors, GAIL, State Bank of India, Siemens lost.
The realty index and IT index saw a rise by 2.2 and 0.5 per cent respectively , while bankex lost 1.3 per cent and the auto index slipped 1 per cent.
The negative global cues weighed on the Indian markets as well as the Asian markets.