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Markets end the volatile session flat

Written by: Staff

Mumbai, Jul 9: After a volatile day, the markets ended on a flat note. The 30-share BSE Sensex closed at 13,757.46, down 11.69 points and 50-share NSE Nifty shut shop at at 4080.95 gaining just 2.05 points.

Metal, telecom, power and pharma stocks helped the markets while capital goods and auto stocks put pressure on the markets. While there was a mixed trend in banking, oil & gas, realty and technology stocks, the broader indices were quiet.

The inflation for the week ended Jun 27 came in at -1.55 pc as opposed to -1.30 pc from the previous week.

While the asian markets were trading mixed, the European markets were trading positive.

4:28 PM

Mkts choppy with +ve bias; SBI Reliance Infra gain

At 1: 10 pm, Sensex was up 84.12 points or 0.61 per cent at 13853.27, and the Nifty was up 16.65 points or 0.41 per cent at 4095.55. The markets were choppy and were experiencing a positive bias.

Metal, oil & gas, pharma and banking stocks saw buying interest while capital goods and auto stocks were still under selling pressure.

Reliance, HDFC, ITC, Bharti Airtel, HDFC Bank were positive contributors on the trade.

The top gainers on the sensex were, Sun Pharma at Rs 1,176.05 up 2.95 per cent, Reliance Infra at Rs 1,102.80 up 2.61 per cent, Jaiprakash Asso at Rs 198.85 up 2.26 per cent, Sterlite Ind at Rs 557.50 up 2.10 per cent and SBI Rs 1,618 up 1.95 per cent.

However, M&M at Rs 710 down 3.66 per cent, Tata Motors at Rs 272.65 down 3.02 per cent, BHEL at Rs 2,007.90 down 1.9 per cent, ICICI Bank at Rs 644.50 down 1.54 per cent and Grasim at Rs 2,419 down 1.08 per cent proved to be top losers.

Among midcaps, surging 5 to 11 per cent, Educomp Sol, ING Vysya Bank, SKF India, AIA Engineering and Wockhardt were the gainers.

Rising by 6 to 7 per cent, the gainers among the smallcaps were Taj GVK Hotels, Hatsun Agro, Asahi India, Money Matters and Panyam Cements.

2:07 PM

Mkts volatile; Realty, Auto under selling pressure

At 11: 58 am, the BSE Sensex was trading at 13,755, down 13 points and the NSE NIfty was at 4,075, down just 4 points. The BSE Midcap was flat and Smallcap Index fell 0.5 per cent.

The benchmarks are volatile. Capital goods, realty, select financial, auto and power stocks were witnessing selling pressure.

FMCG and select metal stocks along with Reliance Industries, Bharti, SBI, HDFC Bank, Cipla, Ambuja Cements, Idea and Tata Power were supporting the markets whuile on the other hand, ONGC, BHEL, ICICI Bank, L&T, DLF, Axis Bank, M&M, Unitech, Wipro, Tata Motors, Infosys, Siemens and HDFC were the negative contributors.

12:39 PM

Mkts choppy; Tata Motors, ICICI, Infy lose

The Markets open positive but soon turned choppy on the back of the weak global cues. At 9:58 am, the Nifty was down 14 points, to 4,065 and the Sensex fell 37 points, to 13,731. The CNX Midcap was up just 7 points, to 5,213.

The gainers among the frontliners were dea, GAIL, Hindalco, Ambuja Cements, HCL Tech, Maruti Suzuki, SBI, L&T, Sun Pharma, Reliance Infrastructure, HUL, Bharti Airtel, Wipro, HDFC Bank. However, Unitech, Cairn, Suzlon, Tata Motors, ICICI Bank and Infosys lost.

Among the midcaps. Jaiprakash Hydro, HDIL, Moser Baer, Aban Offshore and Rolta plunged over 2 to 3 per cent. HCC and Sobha Developers went down by 3 per cent each. The gainers were TAJ GVK up 8 per cent, Gujarat Sidhee and Prism Cement up by 1 to 2 per cent and Sesa Goa, Ashok Leyland, IndusInd Bank and IVRCL Infra surged over 1 per cent.

10:29 AM

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