Mkts end in red; Sensex closes below 14k
Mumbai, Jul 8: The markets shut shop in the red due to huge selling pressure in realty, banking, infrastructure, metal, telecom, oil & gas exploration. Weak global cues led to the sell off in the Indian markets.
The 30-share BSE Sensex closed the day at 13,769.15, down 401.30 points or 2.83 per cent. The 50-share NSE Nifty shed 123.25 points or 2.93 per cent, to settle at 4078.90.
The broader indices too ended lower, BSE Midcap Index lost 181.50 points, to 4,782.84 and Smallcap Index lost 206.92 points, to 5,337.35.
4: 15 PM
Mkts continue -ve; Sensex tanks 280.33 pts
At 1: 50 pm, the BSE Sensex was trading at 13,890.12, down 280.33 and NSE Nifty was at 4119.75, down 82.40. Sell off continued in in capital goods, metal, banking, realty, telecom, power and technology stocks and the European markets were trading lower adding to the pressure on Indian markets.
Earlier, the recovery in Reliance Industries, SAIL and NTPC helped the Sensex to cover 100 points of loss. Others gainers were Grasim, ACC, Tata Motors, Ambuja Cements, Maruti and Hindalco.
In the midcaps, Moser Baer, Jai Corporation, Rei Agro, Chambal Fertiliser and Omaxe declined 7 to 8 per cent. However Blue Dart, Alfa Laval, GMDC, Birla Corporation and BEML were up 2.7 to 6 per cent.
Among the small caps, Oscar Investment, STC India, Premier, Adhunik Metalik and Ceat rose 5 to 7.4 per cent. Karma Ispat, Kolte-Patil, MSP Steel, Techno Electric and Ganesh Housing lost 9 to 10 per cent.
Mkts -ve; Realty, Metals, Power, IT plunge
At 12:10 pm, BSE Sensex was trading at 13,788.45, down 382.00 and NSE Nifty was at 4081.70, down 120.45. The selling across all the sectors along with the fall in Asian Markets are putting pressure on the markets.
Realty, metal, capital goods, banking, power, technology, telecom and oil & gas exploration were under extreme pressure. The only six stocks that were trading in green were Maruti, Grasim, ACC, Ambuja Cements, BPCL and Cipla.
Among the sectors, Realty Index fell 6.5 per cent. Metal, Capital Good and Bank indices lost 4 to 4.6 per cent. Power, IT, TECk and Oil & Gas indices plunged 2.5 to 3.5 per cent.
In realty, Indiabulls Real, Unitech, Parsvnath, Sobha Developer, Omaxe, DLF, Phoenix Mills, Mahindra Life, Orbit Corporation, HDIL and Ackruti City fell 4 to 7 per cent. Among the metals, Tata Steel, Sterlite, JSW Steel, Gujarat NRE Coke, Jindal Saw, Jindal Steel, Hindalco and SAIL plummeted 2.6 to 7 per cent.
In capital goods, Punj Lloyd, Bharat Bijlee, L&T, Gammon India, Bharat Electronics, BHEL, ABB and Siemens lost while Suzlon Energy, GMR Infrastructure, Reliance Infrastructure, Neyveli Lignite, Power Grid Corp, Lanco Infratech, Reliance Power, GVK Power, Torrent Power, Tata Power and NTPC were the losers in the power stocks.
Telecom stocks like Reliance Communication, Tata Teleservices, Idea Cellular, MTNL, Tata Comm and Bharti Airtel slipped along with Banking stocks like ICICI Bank, Kotak Mahindra, Axis Bank, Bank of Baroda, SBI, HDFC Bank and PNB.
12: 28 PM
Mkts open low; sell off in Infra, realty stocks
The markets opened in the red on back of weak global cues. At 9:56 am, the NSE Nifty plunged 61 points, to 4,140 and the BSE Sensex fell 199.5 points, to 13,970. The CNX Midcap was down 69 points, to 5,254 and the Nifty Junior fell 115 points, to 7,479.
There was sell off seen in metal, infrastructure, telecom and realty stocks pulled the Sensex below the 14000 mark in the early trade.
The losers among the frontliners were Sterlite, Unitech, Hindalco, Tata Steel, DLF, ICICI Bank, Reliance Infrastructure, Idea Cellular, Tata Motors, Suzlon Energy, Reliance Communication, HDFC, BHEL, PNB, SAIL and M&M.
10: 23 AM