Indices end flat; Nifty below 4400 mark

Mumbai, Jun 8:At 04:24 pm, the benchmark indices saw huge profit booking on the back of sell-off across the sectors. Metal, banking, realty and infrastructure stocks sectors dragged the Nifty near to 4400 mark and Sensex towards the 14,600 level.

The broader indices widely underperformed the benchmark indices. On the sectoral front, the Realty Index was down 10.5 pc followed by Metal and Bank indices, which declined 6.5 pc and 4.4pc, respectively.

The 30-share BSE Sensex touched low of 14,604.23, before closing the session at 14,665.92, down 437.63 points. The 50-share NSE Nifty shut shop at 4429.90, down 157 points, after seeing a low of 4404.65.

Among the broader indices, the BSE Midcap Index tumbled 294.93 points or 5.45 pc to 5,114.85 and the Smallcap Index fell 5.8 pc or 374.77 points, to settle at 6,083.88.

Only 4 stocks each out of 30-Sensex and 50-Nifty ended in the green. Frontliners like Jaiprakash Associates, DLF, Tata Steel, Reliance Communication, Reliance Infrastructure, SBI, Ranbaxy Labs, Tata Motors, Hindalco, ONGC, Grasim and ACC plunged 5-10 pc on the BSE.
04:45 PM

Mkts -ve; Tata Steel, SBI, Jaiprakash Assn lose

The markets slipped further. At 01:35 pm Sensex was down by 239.08 points to 14864.47 and the Nifty was down 88.90 points at 4498.00. The BSE Smallcap and Midcap were down 3 pc and 2.26 pc respectively.

Stocks like ICICI Bank, HDFC, Bharti Airtel, HDFC Bank and ITC were negative contributors to the Sensex. However, Reliance, Infosys, L&T, TCS and Grasim were positive contributors.

Top losers on the Sensex were Tata Steel at Rs 435.45 down to 6.13 pc SBI at Rs 1,712.50 down 5.8 pc, Jaiprakash Associates at Rs 218.50 down to 5.53 pc, DLF at Rs 386.70 down to 5.23 pc and Ranbaxy Labs at Rs 270.85 down to 4.81 pc

However, top gainers on the Sensex were Wipro at Rs 402.75 up by 2.5 pc, Infosys at Rs 1,732 up by 2.4 pc, TCS at Rs 730 up by 1.17 pc, L&T at Rs 1,533.60 up by 0.94 pc and Maruti Suzuki at Rs 1,088.10 up by 0.49 pc.
03:01 PM

Markets volatile: Nifty hovering at 4,500

Mumbai, Jun 8: The markets are trading marginally lower. At 11:30 am , the Sensex was down 70 points to 15,032 mark and the Nifty lose 41 points to 4, 545. Among the broader indices, the BSE Midcap fell 1.4 pc and the Smallcap Index declined 2.4 pc.

Banking, metal, realty, telecom, ONGC and HUL are putting pressure on the markets. Where as Reliance Industries, Infosys, L&T, Hero Honda, Wipro, TCS, BPCL, Maruti, Grasim and Tata Power were helping the markets.
12:03 PM

Indices open flat; trading choppy

Opening on a mild positive note, Markets are now trading with volatility. At 9:58 am, the Sensex was up 27 points, to 15,131 and the Nifty rose just 5 points, to 4,591. The CNX Midcap went up 60 points, to 5,743.

The major gainers of the day are Suzlon, ABB, Ambuja Cements, Cairn, BPCL, TCS, Reliance Communication, Tata Motors, DLF, Unitech, ITC, Tata Steel, SAIL and ACC. However, Maruti, PNB, HUL, Nalco and Reliance Industries were in red.
10:20 AM

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