Mkts end +ve gaining support from power, metal
Mumbai, Jun 16: The 30-share Sensex closed at 14,957.91, up 0.55 per cent or 82.39 points and the 50-share NSE Nifty went up 0.75 per cent or 33.80 points, to shut shop at 4517.80.
The broader indices outperformed the benchmarks. Midcap index went up by 2.2 per cent 112.96, to 5,226.16 and the Smallcap Index went up by 2.13 per cent or 125.60 points, to 6,011.36.
The markets did show some recovery to end the day on a positive note. The recovercy was supported by capital goods, power, financial, metal (barring Sterlite), auto and select telecom stocks.
Reliance
Industries
and
Sterlite
which
continued
to
witness
pressure
weighed
on
the
markets.
Bharti,
Wipro,
Reliance
Petroleum,
Reliance
Power
and
Hero
Honda
also
saw
selling.
The
market
breath
also
turned
positive
in
the
second
half
of
the
session.
While
the
US
markets
were
tradinbg
flat,
European
markets
opened
up
to
some
gains.
Asian
markets
closed
lower.
4:26
PM
Mkts recover; Reliance Infra, SBI, Tata Power gain
At 12: 43 pm, Sensex was up 42.19 points or 0.28 per cent at 14917.71, and the Nifty was up 25.05 points or 0.56 per cent at 4509.05. The broader indices outperformed the benchmarks.
Recovering from its early losses, the markets were trading positive yet volatile. The recovery was supported by power, banking, FMCG, capital goods and realty stocks.
ICICI Bank and Reliance Industries along with IT, cement and select metal stocks were weighing on the market,
The top gainers on the Sensex are Reliance Infra, SBI, Tata Power, DLF, and ITC. However Sterlite, Wipro, Grasim, ICICI were on the losing side.
Surging up to 5 to 7 per cent, the gainers among the midcaps were IndusInd Bank, Jubilant, Lakshmi Energy, Jai Corp & JM Financial. Kingfisher Airlines, Gujarat NRE Coke, Thermax, Jet Airways & RCF dipped 3 to 5 per cent.
In
the
smallcap
arena,
Shree
Precoated
Steels,
Spectacle
Ind,
Sulzer,
Atul,
Gree
Fin
were
the
gainers.
The
losers
were
Ugar
Sugar
Work,
BL
Kashyap,
Shree
Ram
Urban,
Forbes
Gokak
and
Hinuja
Foundri.
1:51
PM
Mkts
volatile;
buying
in
capital
goods,
power
At 11: 26 AM, Sensex gained 30 points, to 14,905 and the Nifty rose 6 points, to 4,489. Among the broader indices, the Midcap and Smallcap indices gained 0.95 per cent and 0.4 per cent, respectively.
The markets recovered early losses and was trading amid volatility. The recovery was backed by buying in capital goods, power, select metals, telecom and financial stocks.
But the markets saw pressure due to the sell-off in ONGC, Reliance Industries, Bharti, Sterlite, Wipro, ICICI Bank, TCS, Tata Steel, Hero Honda, Tata Motors, Maruti, Grasim and ACC.
The
market
breadth
was
in
favour
of
declines.
About
1201
shares
advanced
while
1475
shares
declined
and
nearly
469
shares
were
unchanged.
11:46
AM
Mkts
open
-ve;
Tata
Steel,
L&T,
RIL,
ICICI
lose
The markets opened in the red on the back of negative global cues. The sell-off continued weighing on the markets as well. Metal, capital goods, telecom and select financial stocks were under pressure.
At 9: 56 am, the Sensex lost 180 points, to 14,694 and the Nifty fell by 43 points, to 4,442. The CNX Midcap and BSE Smallcap indices slipped 1.35 per cent each, to 5,403 and 5,807, respectively.
The losers among the frontliners were Sterlite, Hindalco, Tata Steel, L&T, Bharti, Reliance Industries, Reliance Communications, ICICI Bank, HCL Technologies and Suzlon Energy.
However, Tata Power, Reliance Infrastructure, NTPC, SBI, ONGC, HUL and ITC supported the markets.
In the midcaps, IVRCL Infra, Noida Toll, GMR Infrastructure, Alok Industries and Ispat Industries lost over 4 per cent. With the PSU Oil companies hiking the jet fuel pricing, Kingfisher Airlines and Jet Airways lost 4 to 6 per cent.
As the company board approved raising up to Rs 1,500 crore through QIP (qualified institutional placement) issue and raising up to Rs 2,500 crore through public issue; Ansal Properties shot up by 3 per cent. This supported the increment in FII investment limit from 24 per cent to 49 per cent.
RNRL
and
Reliance
Power
were
trading
flat
.
However,
SPARC
was
up
2
per
cent
and
FDC
gained
1
per
cent.
10:28
AM
OneIndia News