Mkts end the volatile day on a higher note

Posted By: Staff
Subscribe to Oneindia News

Mumbai, May 22: The markets that remained volatile throughout the day ended on a higher note. BSE Sensex ended at 13869.92, up 133.38 points or 0.97 per cent and NSE Nifty closed at 4233.15, up 22.25 points or 0.53 per cent. BSE Midcap Index closed 1.73 per cent and BSE Smallcap Index ended 3.28 per cent higher.

The market was led to its higher end by gains in capital goods and banking stocks. The markets gained momentum in the afternoon session on the back of the rebound in the European markets.

In the sectoral front, BSE Capital Goods Index were up 2.79 per cent, BSE Healthcare Index moved up 1.94 per cent and BSE Bankex advanced 1.64 per cent.

Reliance Capital gaining 4.98 per cent, Larsen & Toubro up by 4.58 per cent, Suzlon Energy advancing 4.53 per cent, Axis Bank up by 4.1 per cent and ICICI Bank going up by 4 per cent were the gainers on the sensex.

GAIL down 4.17 per cent, Sterlite Industries down by 4.68 per cent, Mahindra & Mahindra slipping by 3.77, Tata Motors declining 3.33 per cent and ONGC down by 3.3 per cent ended up being the losers on Sensex.
4:32 PM

Mkts still volatile, ICICI, L&T, HDFC gain

At 1:05 PM, the Sensex was up 27.98 points or 0.20 per cent at 13764.52, and the Nifty down 16.95 points or 0.40 per cent at 4193.95. The markets were volatile. The BSE smallcap and midcap indices were up 1.45% and 0.35% respectively.

Capital goods, pharma, banks, oil & gas and FMCG stocks witnessed buying interest. Metal, realty and auto stocks were under selling pressure. Reliance, ICICI Bank, L&T, Bharti Airtel and HDFC supported the markets.

L&T at Rs 1,280 up 3.01 per cent, Reliance at Rs 2,163.50 up 2.21 per cent, HDFC at Rs 2,135.20 up 1.71 per cent, ICICI Bank at Rs 683.30 up 1.64 per cent and HUL at Rs 233.15 up 1.28 per cent, proved to be the gainers on Sensex. Top losers on the Sensex were ONGC at Rs 1,026.30 down 4.5 per cent, Sterlite Ind at Rs 508.65 down 4.19 per cent, ACC at Rs 714 down 3.91 per cent, DLF at Rs 330.70 down 3.29 per cent and M&M at Rs 632 down 3.25 per cent.

The markets breadth was positive. About 1817 shares advanced, 966 shares declined, and 341 shares were unchanged.
2:02 PM

Mkts volatile, buying in Reliance Industries, ITC

The markets are experiencing volatility. At 11:41 AM the 50-share NSE Nifty fell 29 points, to 4,181 and the 30-share BSE Sensex was trading at 13,681, down 54 points. In the broader indices, the BSE Midcap Index was up just 0.4 per cent and the Smallcap Index gained 1.4 per cent.

While Shares of technology, cement, metal, auto, oil marketing companies, along with SBI and ONGC saw selling pressure; buying was seen in power, select financials and capital goods stocks and in Reliance Industries, ITC.

Markets were trading on the back of Sterlite, SBI, SAIL, TCS, Wipro, DLF, Tata Motors, Infosys, Grasim, ACC and Tata Steel were the other draggers. However, Reliance Industries, NTPC, HDFC, L&T, Bharti and ICICI Bank.

In the midcap arena, the gainers were Karnataka Bank which went up 14.99 per cent; SKF India, Mphasis, Lakshmi Energy and Redington shooting up by 8 to 13 per cent. The loosers are Apollo Hospital, Tata Chemicals, India Infoline, Shaw Wallace and Torrent Power falling by 4.5 to 9 per cent.

In the smallcaps, Zandu Pharma, Deepak Fertilisers, Astra Microwave, UB Holdings and Indage Vintners gained 9.5 to 14.5 per cent while Suashish Diamon, Himadri Chemical, Amara Raja Batteries, Prakash Industries and Mahindra Life slipped 6 to 7.5 per cent.
12:05 PM

Mkts open marginally low, HCL, ITC, DLF dip

The markets opened marginally lower due to mixed global cues. At 9:56 AM the Nifty was trading at 4,197, down 13 points and the Sensex fell just 50 points, to 13,693. The CNX Midcap was up 13 points, to 5,058.

The gainers among the frontliners were , ICICI Bank, Tata Steel, Sterlite, L&T, SBI, HDFC bank, TCS, M&M, Siemens and Wipro while Reliance Capital, Suzlon, HCL Tech, Ranbaxy, Cairn, NTPC, ITC, DLF, Unitech, BPCL and ONGC lost.

The gainers among the midcap stocks were Aftek, Rolta, NIIT, TVS Motor and Great Offshore.

The Sensex that opened with a negative gap of 73 points at 13,664 has rebounded at around 10 AM s now up 61 points at 13,798.

10:24 AM

OneIndia News

Please Wait while comments are loading...