Nifty end flat; ONGC, TCS dip
Mumbai, Aug 27: The Nifty closed the last day of Aug series on a flat note after seeing huge volatility throughout the session.
It crossed the 4700 mark during the day but closed well below that level. It was the sixth consecutive day of positive closing for the markets.
The equity benchmarks started on a weak note following weak Asian cues but did not extend the losses. They remained rangebound for the whole day and did not show any significant move on either side.
Among the Asian markets, Nikkei lost 1.5 pc; Shanghai, Jakarta, Hang Seng, Kospi and Taiwan Weighted fell 0.4-1 pc while Straits Times was up 0.5 pc. European markets and the US index futures were flat in trade at the time of closing of Indian equities.
The
30-share
BSE
Sensex
closed
at
15,781.07,
up
11.22
points,
after
seeing
an
intraday
high
of
15,853.71
and
low
of
15,685.49.
The
30-share
NSE
Nifty
went
up
just
7.35
points,
to
settle
at
4,688.20.
It
touched
a
day's
high/low
of
4707.90
and
4645.15,
respectively.
4:52
PM
Mkts positive; Sensex up by 60 pts
At 12:40 pm, Nifty touched the 4700 mark on the back of support from Bharti Airtel, Wipro, ONGC, Reliance Industries, SBI, L&T and Infosys.
The Sensex was up 60 points, to 15,830 and the Nifty up 21 points, to 4,702. Positive European cues were also supportive to our markets.
NTPC, Cipla, Tata Power, BHEL, Power Grid, Sun Pharma, Ambuja Cements, ACC, Sterlite, SAIL, M&M, Ranbaxy and PNB were other gainers.
However, selling continued in ICICI Bank, HUL, HDFC, HDFC Bank, DLF, Reliance Communication, Tata Steel, Tata Motors, Hero Honda and Suzlon Energy.
Among the broader indices, the BSE Midcap Index rose 0.9 pc and Smallcap Index up 1.5 pc. About 1,886 shares advanced while 969 shares declined on the BSE. Nearly 328 shares were unchanged.
Top percentage gainers - Omnitech Info, R Systems International, Shrenuj and Company, IVP, Radico Khaitan and Zuari Industries were up 13-17 pc.
Top
percentage
losers
-
Shri
Baj
Alloys,
TCPL
Packaging,
Invest
and
Precision,
IFGL
Refractory,
Hydro
SandS,
Lotus
Eye
Care,
WS
Industries,
HOEC
and
Action
Construction
lost
5-9
pc.
1:47
PM
Nifty volatile; RIL, ICICI, DLF dip
At 10:35 am, the Nifty was witnessing volatility. Reliance Industries, ITC, ICICI Bank, L&T, HDFC, DLF, HUL , HDFC Bank, Reliance Communication, Tata Steel, Hero Honda, Tata Motors, Reliance Infrastructure, Unitech and Hindalco were witnessing selling pressure.
However, buying continued in Bharti Airtel, Wipro, TCS, Infosys, BHEL, SAIL, Cipla, Sun Pharma, Ambuja Cements, ACC and Maruti Suzuki.
The Sensex was down 15 points, to 15,754 and the Nifty fell 5 points, to 4,675. However, about 838 shares advanced while 212 shares declined on the NSE. Among the broader indices, the BSE Midcap Index rose 0.6 pc and the Smallcap Index up 1.4 pc.
In the midcap space, GMDC, IRB Infra, Ackruti City, Videocon Industries and HOEC were up 5-8 pc while Phoenix Mills, Indiabulls Real, Shriram Transport, HCL Info and Puravankara Projects lost 2.5-5 pc.
In
the
smallcap
space,
Rajesh
Exports,
Banco
Products,
Radico
Khaitan,
Jyothy
Labs
and
Dalmia
Cement
gained
7.5-11.6
pc
while
Geojit
BNP,
JMD
Telefilms,
Action
Construction,
Indraprastha
and
Indo
Rama
Synthetic
fell
3-5
pc.
11:56
AM
Mkts open weak; Sensex down by 52 pts
The Sensex started the settlement day on a weak note following negative Asian cues. Fall in base metals also impacted the steel stocks in the early trade.
At 9:58 am, the Nifty was down 16 points, to 4,664 and the Sensex fell 52 points, to 15,717. The broader indices were flat in trade. About 504 shares advanced while 244 shares declined on the NSE.
Among the frontliners, Tata Steel (ahead of Q1FY10 consolidated numbers), Ranbaxy Labs, Tata Motors, Hindalco, Unitech, ICICI Bank, PNB, Reliance Industries, ITC, Hero Honda, L&T, Siemens and Nalco lost ground.
However, Wipro and TCS were up over 1 pc post receiving British Petroleum order. Bharti Airtel, Cipla, Cairn India, Ambuja Cements and ACC were the other gainers.
In Midcap space, Textile stocks like Alok Industries and Arvind continued their rally, up 3 pc each. KPIT Cummins was up 5 pc in the technology space. Suven Life Sciences was up another 6 pc after seeing upper circuits for last three days.
Marksans
Pharma
and
Shasun
Chemical
went
up
5
pc
each.
JM
Financial
up
5
pc
post
block
deal.
However,
Indiabulls
Real
lost
5
pc.
HDIL
and
Ansal
Properties
were
down
1
pc
each.
10:28
AM
OneIndia News