Mkts end low; realty, metal, oil & gas slip
Mumbai, Jun 17:The 30-share Sensex closed at 14,522.84, down 435.07 points or 2.91 per cent and the 50-share NSE Nifty shed 161.65 points or 3.58 per cent, to settle at 4356.15.
Due to unwinding of positions by traders in second half of the session, the benchmarks saw huge correction on Wednesday, Jun 17. The markets were also adversely affected by the one per cent dip in the European markets.
The realty, metal, capital goods, oil & gas and power stocks indices were down 3.3 to 6 per cent. Stock futures shed over 4 cr shares in open interest.
Led by the fall in the broader indices the market breadth was negative. About 736 shares advanced, 2057 shares declined and nearly 353 shares remained unchanged.
Volumes ended over the Rs 1 lakh crore mark.
Mkts choppy; selling in metals, FMGC, auto & oil
Markets were trading choppy with a negative bias. At 1: 26 pm, BSE Sensex slipped 97.60 points or 0.65 per cent at 14860.31, and the Nifty went down 67.25 points or 1.49 per cent at 4450.55.
Metals, capital goods, FMCG, auto & oil and gas stocks witnessed selling pressure. Reliance, Infosys, L&T, HDFC & ITC weighed on the Sensex.
The losers on the sensex were Tata steel loosing 4.27 per cent, M&M went down 2.91 per cent, Wipro down by 2.47 per cent, Larsen dipping 2.46 per cent and ONGC was down 2.36 per cent.
The gainers were Reliance Infra which gained 3. 43 per cent, Bharati Airtel up 1.17 per cent, ICICI Bank going up 0.91 per cent, HDFC Bank surged0.82 per cent and Tata Power up by 0.77 per cent.
Among the Midcaps, Thermax, Apollo Tyres, Indian Hotels, Lanco Infratech & JSW Steel went down by 4 to 5 per cent while MRF, Castrol, Piramal Healthcare, IRB Infra & Godrej Ind gained 5 to 7 per cent.
Among the Small caps, GRUH Finance, Dhanuka Agritec, Manappuram, Mcleod Russel and Henkel India were the gainers while Shree Precoated, TRF, Vishal Retail, Suraj Stainless, Atul were all the losers.
Mkts continue weak; TCS, M&M, Wipro lose
Markets are southbound due to the sell off in technology, metal, FMCG, capital goods, auto, cement and oil & gas (barring Reliance Industries). However, the benchmarks gained some help from the telecom, realty and select power stocks.
The Sensex was trading at 14,864, down 93 points and the Nifty declined 38 points, to 4,479. Among the broader indices, the BSE Midcap was up 0.3 per cent and Smallcap Index rose 0.5 per cent.
The gainers among the largecaps were Reliance Infrastructure, Tata Power, DLF, Bharti Airtel, ICICI Bank and PNB which went up 1 to 3 per cent. The top losers were Tata Steel, Wipro, M&M, L&T, TCS, SAIL and Cipla, which dipped 2 to 4 per cent.
RNRL, Reliance Industries, Unitech, Satyam and Reliance Infrastructure were the shares active on the markets.
Among the sectors, BSE Metal Index was down 2.5 per cent. Capital Goods and IT indices fell 1.5 to 2 per cent.
12: 13 PM
Mkts open weak; Infy, SBI, Tata Steel, L&T lose
Due to weak global cues, the Indian markets have opened weak. Analysts predict that the benchmarks will be rangebound ahead of the union budget.
Sell-off in metal, technology and capital goods was putting pressure on the benchmarks. However, select power stocks were supporting the markets
At 9:56 am, the Sensex went down 88 points, to 14,869 and the Nifty slipped 32 points, to 4,487. However, the CNX Midcap gained 12 points at 5,551.
The losers among the frontliners were Infosys, Sterlite, SAIL, Hero Honda, Sun Pharma, ABB, SBI, Tata Steel, L&T, Wipro, ACC, BPCL and Sterlite; while Axis Bank, Ambuja Cements, Idea, Ranbaxy Labs, Power Grid and PNB were supporting the markets.
Going up by 1 to 4 per cent, the gainers among the mid caps were Gujarat Alkalies, Satyam, IndusInd Bank, Vijaya Bank, RNRL and Apollo Tyres. And Tech Mahindra was trading flat.
10: 30 AM