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Benchmarks end in red due to profit booking

By Super Admin

Mumbai, Sep 14: The markets ended the day lower on back of weak Asian cues and profit booking in telecom, cement, realty, select metal, capital goods and private banking stocks.

BSE Sensex ended the day at 16,214.19 down 50.11 points and NSE Nifty shut shop at 4808.60, down 20.95 points.

However, the broader indices outperformed the benchmark indices, the BSE Midcap Index was up 0.15 per cent and Smallcap Index up 0.46 per cent.

It was due to the buying in PSU banking, auto, select technology and oil marketing companies' shares that the indices closed with modest losses.

4:21 PM

Realty, IT, metal dip; broader indices flat

At 1.20 pm, Sensex was down 54.51 points or 0.34 per cent at 16209.79, and the Nifty was down 21.10 points or 0.44 per cent at 4808.45. The broader indices were trading flat.

While selling was seen in metal, realty and IT stocks, stocks like Infosys, ICICI Bank, L&T and ONGC were the negative contributors to the markets.

Top losers were Sterlite Ind down 3.55 per cent, Hindalco down 2.58 per cent, DLF down 1.92 per cent, Grasim down 1.78 per cent and ACC down 1.67 per cent. Tech major Infosys was down 0.79 per cent from its previous close of Rs 2,266 and Cigarette major ITC was down 0.77 per cent.

However, top gainers were SBI at Rs 1,954 up 1.83 per cent, M&M up 1.48 per cent, Wipro 1.14 per cent, Jaiprakash Asso up 1.12 per cent and HUL up 1 per cent.

The top gainers among the midcaps were Spice Comm, Monsanto India, Nat Fert, HMT and Kalpataru Power up 6-10 per cent and on the BSE Smallcap the gainers were Provogue, Rallis India, Himatsingka Sei, PNB Gilts and Vikas WSP up 10 to 14 per cent.

1:49 PM

Sensex tanks 98 pts, profit booking in IT, realty

While the weak Asian markets continue to weigh on the Indian markets, profit booking in shares of oil & gas exploration, realty, telecom, private financial, cement, metal, power and technology companies was affecting the Sensex.

At 10:54 am, the Sensex was down 98 points at 16,167 and the Nifty was down 27 points at 4,802.

However, the losses were capped to some extent by the buying in Wipro.

In the largecaps, Sterlite Industries, Hindalco, ONGC, DLF, Reliance Communication, NALCO and Unitech were down 1.5 to 3 per cent.

Among the midcaps, HMT, Kirloskar Oil, Andhra Bank, Monsanto India and Kirloskar Brothers gained 3.5 to 7 per cent while REI Six Ten, Emami, Spice Communication, Apollo Hospital and HDIL fell 3.5 to 5 per cent.

In the smallcap arena, Provogue, BL Kashyap, ITI, Zandu Pharma and PNB Gilts were up 8.5-12% while Rajesh Exports, GMR Industries, VIP Industries and Geekay Finance lost 5 to 6.5 per cent.

12:08 PM

Mkts open lower on weak Asian cues

Weak Asian cues forced the Indian benchmarks to open lower breaking a six day winning streak. At 9:57 am, the Sensex tanked 70 points, to 16,194 and the Nifty was down 21 points, to 4,808. The CNX Midcap fell by just 8 points, to 6,221.

While SBI, HUL, BPCL, Ranbaxy Labs, Tata Power, BHEL, Wipro, ITC, NTPC and PNB strived to support the markets, Cairn India, Sterlite Industries, Jindal Steel & Power, Nalco, HDFC, DLF, Unitech, ABB, Siemens and TCS were the losers in the early trade.

Among the Midcaps, Jet Airways shot up 4 per cent after the pilots' strike ended, Vijaya Bank was up 2.5 per cent, IOC gained 3 per cent and ITI shot up 10 per cent.

The losers were, HDIL down 6 per cent, Raj TV down 5.6 per cent, and IDFC, UCO Bank and IndusInd Bank slipping over 1 per cent each.

10: 18 AM

OneIndia News

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