Mkts end low; profit booking in infra, realty
Mumbai, Jun 18: The markets witnessed huge profit booking in infrastructure, commodities and realty counters. Volumes crossed the Rs 1 lakh crore mark leading to the sell-off.
The 30-share Sensex went down 1.77 per cent or 257.31 points, to close at 14,265.53 and the NSE Nifty 50 closed at 4251.40, down 2.4 per cent or 104.75 points. BSE Midcap Index fell 144.21 points or 2.87 per cent, to 4,876.86 and the Smallcap Index dipped 3.7 per cent or 214.10 points, to shut shop at 5,572.44.
While
ONGC,
NTPC,
SAIL,
Tata
Steel,
BHEL,
L&T,
ICICI
Bank
and
Reliance
Communication
were
the
negative
contributors
to
the
markets,
SBI,
Bharti,
Infosys,
Hero
Honda,
Axis
Bank,
Sun
Pharma,
Tata
Motors,
BPCL
and
PNB
supported
the
markets.
4:29
PM
Mkts -ve; benchmarks & broader indices slip
At 1:43 pm, the Sensex was down 286 points, to 14,236, and the Nifty was down 121 points at 4,235. The markets went down again after recovering. The broader indices, BSE Midcap & Smallcap index lost 4 per cent each.
Realty, metal, power, oil & gas, cement and capital goods stocks witnessed selling pressure.
ACC at Rs 755, down 8.66 per cent; Jaiprakash Associates at Rs 188.30, down 8.19 per cent; Tata Steel at Rs 385.80, down 7.48 per cent; Hindalco at Rs 87, down 7.25 per cent; DLF at Rs 313, down 6.09 per cent; Unitech at Rs 74.95, down 10.77 per cent; Power Grid Corp at Rs 108.60, down 8.78 per cent and Suzlon Energy at Rs 102.55, down 8.6 per cent were top losers.
NTPC, ONGC, Reliance Industries, SAIL, ICICI Bank, L&T, HDFC and HDFC Bank were the draggers on the markets.
The losers among the midcaps were Aban Offshore, HDIL, Bajaj Holdings, Punj Lloyd and Indiabulls Real while Ajmera Realty, Revathi CP, Everonn Systems and Network 18 slipped in the small cap space.
Among
the
sectors
BSE
Realty
Index
plunged
8
per
cent
and
Metal
dipped
5.7
per
cent.
Power
Index
slipped
4.6
per
cent
and
Capital
Goods
went
down
3.8
per
cent.
Oil
&
Gas
Index
declined
2.8
per
cent.
Auto,
Bank,
Healthcare
and
TECk
indices
lost
1-1.5
per
cent.
IT
Index
was
up
just
0.3
per
cent.
2:
28
PM
Mkts choppy; selling in HDFC, Tata Steel, ONGC
At 10:53 am, the Sensex was down 8 points, to 14,514 and the Nifty fell 14 points, to 4,342. The BSE Midcap lost 0.4 per cent and Smallcap Index fell 1 per cent.
The markets were choppy after recovering from the opening's low. The recovery was carried on by SBI, Reliance Industries, Infosys, DLF, Sterlite, Tata Motors, Reliance Infrastructure, Wipro, Bharti, Reliance Communication, TCS and HUL.
Selling, however, went on in ONGC, NTPC, BHEL, HDFC Bank, Jindal Steel, SAIL, Tata Steel, L&T, Ambuja Cements, ACC, Grasim, Maruti, Unitech, Idea and HDFC, which was weighing on the markets.
According
to
media
reports,
SpiceJet
surged
6
per
cent,
due
to
the
raise
in
fuel
surcharge
of
Rs
400
per
ticket.
Spice
Communications
gained
1.5
per
cent,
as
the
company
paid
a
debt
of
Ts
316
crore.
The
Hindustan
Zinc
cut
zinc
prices
and
its
stock
was
trading
flat.
11:53
AM
Mkts open low; RIL, HDFC, L&T, Hero Honda lose
At 9:57 am, the Nifty went down by 4.75 points, to 4,351 and the Sensex fell by 28 points, to 14,494. However, the CNX Midcap surged 12 points, to 5,353 and the Nifty Junior went up 20 points, to 7,727.
Even though the markets opened lower, it quickly recovered the losses. The markets are volatile.
The losers among the frontliners are HDFC Bank, L&T, ONGC, Hero Honda, Ranbaxy, Power Grid, Reliance Industries, BPCL and ACC.
The markets were gaining support from the buying witnessed by Reliance Infrastructure, Cairn, Suzlon, DLF, SBI, NTPC, Bharti, Infosys, TCS, ICICI Bank, SAIL and Tata Motors.
In the midcap space, going up 1 to 5 per cent, Alok Industries, Jayshree Tea, Mcleod Russel, Balrampur Chini, TTML, Bajaj Hindusthan, Glenmark, Fortis Healthcare and Wockhardt proved to be the gainers. However, Hotel Leela dipped 5 per cent.
The
Asian
markets
were
trading
weak.
10:17
AM
OneIndia News