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Markets end flat after recovery

Written by: Staff

Mumbai, Jun 23:The Sensex fell by just 2.21 points, to end at 14,324.01, after seeing an intraday high/low of 14,394.19 and 14,016.95, Nifty shut shop at 4247, up just 0.28 per cent or 11.75 points.

The benchmarks ended flat after recovery. The markets saw recovery led by oil & gas, power, select financial and cement stocks. Metal, realty, telecom and select technology stocks remained under pressure. ICICI Bank, HDFC Bank, ITC and L&T proved to be the draggers of the day.

The total turn over stood at Rs 1,09,543.28 crore as opposed to Rs 93277.58 crore on Monday, Jun 22.

The market breadth was weak through out the session.

4:37 PM

Mkts -ve and volatile; DLF, ICICI lose

At 12:42 pm, the Sensex was down 135.19 points or 0.94 per cent at 14191.03, and the Nifty was down 15.45 points or 0.36 per cent at 4219.80. BSE midcap and smallcap indices were down 1.86 per cent and 2.21 per cent respectively

The markets were trading negative and were volatile. Selling was seen in realty, metal, bank, capital, FMCG, IT and auto stocks. Buying was seen in oil and gas stocks.

Infosys, ICICI Bank, L&T, HDFC and HDFC Bank were the negative contributors on the Sensex. Top losers were Hindalco down 5.99 per cent, Sterlite Ind down 5.13 per cent, DLF down 5.03 per cent, ICICI down 4.66 per cent, Jaiprakash Asso down 4.23 per cent.

Among the midcaps, the losers were Bajaj Hind, Redington, HCL Info, JSW Steel and Spice Comm which dipped 6 to 8 per cent.

In the small cap arena, the losers were Gemini Comm, Bajaj Hind, Everonn Systems, Network 18 and Kanani Industr which fell 7 to 10 per cent.

2:01 PM

Mkts under selling pressure; Metal, FMGC, IT dip

At 10:30 AM, Sensex was down 194 points, to 14,132 and the Nifty lost 46 points, to 4,189. Among the broader indices, the BSE Midcap fell 1.6 per cent and the Smallcap Index went down 2 per cent.

The markets have recovered marginally from the day's low, but are still under selling pressure. Reliance Industries, ONGC and NTPC led the recovery. Selling in telecom, realty, technology, metal, financials, and infrastructure continued.

NTPC went up by 1.6 per cent and RIL gained 1 per cent.

Among the sectors, Metal, Realty, Bank, IT, Capital Goods, TECk and FMCG indices fell 2 to 3 per cent. Power and Healthcare indices fell 0.9 per cent each.

Among the midcaps, Carborundum, Great Offshore, Sunteck Realty, Mphasis and MindTree surged 2.6 to 6 per cent. The losers were HCL Info, GMDC, Everest Kanto, Aventis Pharma and Bajaj Hindusthan which slipped 5 to 9 per cent.

In the small cap arena, the gainers were Gammon India, IL&FS Investsmart, PVP Ventures, Dhanuka Agritec and Karma Ispat which went up 4.4 to 5 per cent. However, the losers were Century Plyboard, Gemini Communication, Shrenuj, Ajmera Realty and Savita Chemical which dipped 6 to 10 per cent.

12:01 PM

Mkts open in red; Tata Steel, Idea, DLF lose

The markets opened in the red on back of the negative global cues. At 9:56 am, the Sensex was down 242 points, to 14,083 and the Nifty fell 61 points, to 4,173. The CNX Midcap and the Nifty Junior slipped 2% each, to 5,183 and 7,454, respectively.

Realty, infrastructure and metal and banking were witnessing pressure.

The losers among the frontliners were Tata Steel, Idea Cellular, Bharti, ICICI Bank, Sterlite, Cairn, Unitech, Reliance Infrastructure, DLF, Reliance Power, Hindalco and Suzlon Energy; while ONGC, BPCL, Sun Pharma and Grasim gained.

In the midcap arena, the gainers were Great Offshore up by 3 per cent, ABG Shipyard up by 4 per cent. However Bharati Shipyard fell by 4 per cent.

Tech Mahindra slipped 2 per cent. Dish TV, Ispat, Sesa Goa and RNRL fell 3 to 4 per cent.

10:14 AM

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