Mkts end lower on settlement day of Jun series
Mumbai, Jun 25: On the settlement day of the June series the benchmarks ended lower. The 30-share BSE Sensex closed at 14,345.62, down 0.53 per cent or 77.11 points and Nifty slipped 1.19 per cent or 51.10 points, to settle at 4241.85.
The markets were volatile throughout the session. The trading went on positive for the first half of the session but the indices went under pressure later.
The
sell-off
in
oil
&
gas,
auto,
FMCG,
pharma,
select
power
and
metal
stocks
weighed
on
the
Nifty.
However,
the
buying
in
financial
(other
than
SBI)
along
with
L&T,
Unitech,
Sterlite,
Tata
Power,
Infosys,
ACC,
Suzlon,
Grasim,
ABB
and
Hindalco
capped
the
losses.
4:28
PM
Mkts
trading
with
marginal
gains;
IT,
metal
up
At 12: 30 pm, Sensex was up 76.04 points or 0.53 per cent at 14498.77, and the Nifty was up 17.90 points or 0.42 per cent at 4310.85.
The markets are trading with marginal gains. While auto and FMCG stocks saw selling pressure, buying interest was seen in realty, banks, IT, metal, pharma and capital goods stocks.
Reliance, Infosys, L &T were positive contributors to the Sensex. Top gainers were Grasim at Rs 2,387 up 2.79 per cent, Jaiprakash Asso at Rs 219 up 2.62 per cent, ICICI Bank at Rs 706.25 up 2.45 per cent, HDFC at Rs 2,365 up 2.41 per cent and Hindalco at Rs 85.80 up 2.39 per cent.
The broader indices, Midcap and Smallcap indices were up 1.3 per cent each.
Gainers among the midcaps were BGR Energy, Aurobindo Pharm, JaiprakashHydro, MindTree and Ashok Leyland surging 6 to 9 per cent. In the smallcaps, Ajmera Realty, Lakshmi Machine, Kanani Industr, Hercules Hoists and Himadri Chem were the gainers.
Top
losers
were
Tata
Motors
at
Rs
345
down
3.36
per
cent,
M&M
at
Rs
703
down
2.89
per
cent,
ONGC
at
Rs
1,025.80
down
2.4
per
cent,
Tata
Steel
at
Rs
399.40
down
1.76
per
cent
and
Maruti
Suzuki
at
Rs
1,041.15
down
1.76
per
cent.
1:40
PM
Mkts volatile; downtrend in oil & gas, FMCG, auto
At 11:33 am, Nifty was up just 0.65 points, to 4,293, the Sensex rose 43 points, to 14,465. The broader indices were outperforming the benchmarks, with Midcap and Smallcap indices gaining 1 per cent each.
The markets are trading amid volatility. Markets were facing pressure due to the downtrend in oil & gas, FMCG, auto stocks and in stocks like BHEL, Idea, Wipro, Tata Steel, Ambuja Cement, Siemens and Reliance Infrastructure.
Benchamarks were gaining support from the buying in metal, realty, select cement and telecom stocks and in stocks like HDFC, Infosys, ICICI Bank, TCS, HDFC Bank, Suzlon, Tata Power and L&T.
Among the midcaps, falling 1.8 to 3.8 per cent the losers were BGR Energy, Phoenix Mills, Jaiprakash Hydro, BF Utilities and Anant Raj Industries gained 5-10% while Pfizer, Carborundum, HCL Info, Shriram City and LIC Housing Finance.
In the smallcap arena, , Lakshmi Machine, Kanani Industries, Hercules Hoists, Royal Orchid and Fem Care Pharma were up 5.6-10.7%. However, Geefcee, JSL, Jyothy Labs, FDC and Gateway Distriparks fell 5 to 6.7 per cent.
Suzlon
Energy,
Educomp
Solutions,
Unitech,
Tata
Steel,
Jaiprakash
Hydro
and
Reliance
Industries
were
active
in
the
trading.
12:00
PM
Mkts
open
higher;
HCL,
ICICI,
DLF
gain
At 9:57 am, the Nifty rose 28 points, to 4,321 and the Sensex gained 120 points at 14,543. The CNX Midcap 100 went up 50 points, to 5,472.
The markets have started the day on a positive note on the back of positive Asian cues.
The gainers among the frontliners were Unitech, Suzlon, DLF, Sterlite, Tata Communication, Reliance Communication, ICICI Bank, Jindal Steel, HCL Tech, Ambuja Cements, L&T, HDFC and Hindalco.
Due to the disappointing numbers ONGC posted, it was down 1.5 per cent. However with the raise in its Q4 numbers, Unitech gained 6.5 per cent.
Suzlon Energy shurged 4 per cent.
Among the Midcaps, TTML gained 4.5 per cent, Royal Orchid surged 7 per cent, S Kumars up 2.5 per cent, Jaiprakash Hydro was up 5 per cent, Glenmark Pharma was up 2.5 per cent; Bajaj Hindusthan and Balrampur Chini gained too.
However,
JSL
dipped
2.7
per
cent,
Gateway
Distriparks
fell
3
per
cent,
Pfizer
fell
4.5
per
cent.
10:37
AM
OneIndia News