Mkts end the Budget week in red
Mumbai, Jul 10: The markets end the Budget week in the red. The Sensex was down 318 points, to 13,438 and the Nifty fell 92 points, to 3,988.
The markets witnessed sell off due to the fall in oil & gas, power, capital goods, realty, banking and telecom stocks.
Falling
by
10
pc,
the
markets
set
a
new
record.
This
is
the
lowest
week
ending
since
Oct
2008.
4:28
PM
Mkts
flat;
broader
indices
gain
0.70
pc
each
The markets are trading flat. Buying interest was seen in IT, realty, metal and banks stocks. However, selling pressure continued in oil & gas and pharma stocks.
At 1: 25 pm, the Sensex was up 20.82 points or 0.15 per cent at 13778.28, and the Nifty was up 5.10 points or 0.12 per cent at 4086.05.
While Infosys, L&T ICICI Bank, HUL and TCS were the positive contributors; Reliance, HDFC, ITC, Bharti Airtel and HDFC Bank proved to be otherwise.Sterlite Ind, Wipro, Infosys, Tata Motors and DLF were the top gainers on Sensex. The losers were M&M, HDFC, Jaiprakash Asso, Tata Power and Sun Pharma.
The
broader
indices
rose,
0.70
per
cent
each.
Among
the
midcaps,
JagranPrakashan,
Essar
Shipping,
KEC
Int,
GlaxoSmith
and
Jai
Corp
were
up
4
to
7
per
cent.
In
the
smallcap
space,
Seamec,
Atlanta,
Visa
Steel,
JK
Tyre
&
Ind,
Take
Solutions
were
up
9
to
10
per
cent.
2:14
PM
Mkts
volatile;
ITC,
SBI,
Tata
Power
see
selling
The markets remain volatile and both the indices are around the previous closing values. At 12: 03 pm, Sensex was up 12 points, to 13,770 and the Nifty gained 8 points at 4,089. The broader indices went up 0.8 to 1 per cent.
The Index of Industrial production for the month of May 2009 saw was at 2.7 per cent as opposed to the previos month's 1.4 per cent.
Reliance Industries, ONGC, Bharti, HDFC, ITC, SBI, Tata Power, NTPC, L&T, M&M, Reliance Infrastructure, BPCL, HDFC Bank, Ranbaxy Labs, Ambuja Cements and ACC were witnessing selling.
Buying interest was seen in technology and relaty stocks.
Other
gainers
were
Sterlite,
ICICI
Bank,
HUL,
BHEL,
Axis
Bank,
Tata
Steel,
Tata
Motors,
Reliance
Communication,
PNB
and
Idea.
12:34
PM
Mkts
open
+ve;
Wipro,
Infosys,
TCS
gain
The markets opened positive, however turned choppy. At 9:58 am, the Nifty was up 9 points, to 4,090 and the Sensex gained 23 points, to 13,780. The CNX Midcap rose 17 points, to 5,273 and the BSE Smallcap Index went up 26 points, to 5,356.
The gainers among the frontliners were Infosys, Wipro, HCL Tech and TCS gained 1 to 4.5 per cent. Unitech and Sterlite Industries. Better than expected Q1 results helped Infosys on the markets.
However, the losers were NTPC, Ranbaxy Labs, Cairn, Hero Honda, Power Grid and SBI.
Among
the
midcaps,
Mahindra
Satyam,
Taj
GVK
surged
by
goind
uo
5
per
cent
and
6
per
cent
respectively.
Other
gainers
were
HCC
and
Voltas.
However,
Ashok
Leyland,
Dish
TV,
SREI
Infra
and
Kalindee
Rail
were
the
losers.
10:20
AM
OneIndia News