Benchmarks end flat; RIL, BPCL, Maruti lose
Mumbai, Dec 17: After seeing consolidation for the throughout the session, the benchmarks ended the day on a flat note. However, the broader indices outperformed the benchmark indices.
The NSE Nifty shut shop at 5,041.75, down 0.30 points and the BSE Sensex fell 18.52 points, to close at 16,894.25.
The BSE Midcap Index gained 1.09 per cent to end at 6,513.30 while the Smallcap Index was up 0.88 per cent to close at 7,915.76.
Realty, telecom, select capital goods and power stocks witnessed selling pressure during the session. Other big losers were Reliance Industries, BPCL and Maruti Suzuki.
Trading
on
the
positive
side
were
technology,
metal,
select
auto,
banking
and
pharma
stocks,
which
saw
buying
pressure,
and
ONGC,
HUL
and
Suzlon
Energy
were
among
the
gainers.
4:
21
PM
Nifty
rangebound;
IT,
pharma
marginally
up
Continuing the session on a flat note, the Nifty found itself rangebound between 5010-5050. Selling continued in realty, oil & gas, banks and capital goods stocks.
At 13: 18, the Sensex was down 55.52 points or 0.33 per cent at 16857.25, and the Nifty was down 21.35 points or 0.42 per cent at 5020.70.
However, marginal buying was seen in IT and pharma stocks.
Heavyweight Hindustan Lever was trading at Rs 266.65 up 0.98 per cent, while Reliance was trading at Rs 1,034.50 down 1.19 per cent.
Infosys was trading at Rs 2,552.05 up 0.28 per cent.
Cigarette major ITC was trading at Rs 249.35 up 0.02 per cent.
Refinery giant HPCL was trading at Rs 376.10 down 1.18 per cent.
Top midcap gainers were Pantaloon Retail, Prakash Inds, ICI India, Jagran Prakashan and Havells India were up 5 to 7 per cent, while Nagarjuna Construction, Anant Raj Inds, Motherson Sumi, Parsvnath and Godrej Consumer slipped 1.9 to 2.3 per cent.
In
the
smallcap
arena,
Atlanta,
Ador
Welding,
Tanla
Solutions,
Greaves
Cotton
and
Apar
Ind
gained
5
to
16
per
cent,
while
Kwality
Dairy,
Vindhya
Telelin,
Jindal
Cotex,
Phillips
Carbon
and
WABCO-TVS
declined
3
to
5
per
cent.
2:
21
PM
Nifty consolidates; telecom, realty, oil & gas dip
Selling continued in oil & gas, realty, select banking and telecom stocks while Nifty was consolidating at previous closing value.
However, the markets were trading on the positive side due to buying in technology, metal and FMCG stocks. BHEL and Cipla were the other gainers.
At 11: 03 am, BSE Sensex was trading at 16,940, up 27 points and the Nifty was at 5,050, up 8 points.
The broader indices were outperforming the benchmark indices, gaining 0.85 to 1.2 per cent.
HCL Tech gained 2.94 per cent on HCL Axon's global IT services deal with GlaxoSmithKline. Tech Mahindra, TCS and Wipro up 1.6 to 1.9 per cent and Infosys up 0.68 per cent were the other gainers in IT space.
Among the metal stocks, NALCO, Hindalco, Hindustan Zinc, Tata Steel, JSW Steel, Sterlite Industries and SAIL were up 0.5 to 2 per cent.
On the losing side, BPCL, HPCL, IOC and GAIL slipped 1.3 to 2.4 per cent in the oil & gas segment. ONGC and Reliance Industries dipped 0.3 per cent each.
SBI, Bank of Baroda and HDFC Bank, Axis Bank and PNB, ICICI Bank were the losers in the banking space.
Among the midcaps, ICI India, Pantaloon Retail, Monnet Ispat, PTC India and HCL Info gained while Bannariamman, Godrej Consumer, IBN18 Broadcast, Parsvnath and HSBC Invest declined
In
the
smallcap
arena,
Greaves
Cotton,
Solar
Industries,
Atlanta,
Balkrishna
Industries
and
Tanla
Solutions
gained
while
Kwality
Dairy,
Vindhya
Telelink,
WABCO-TVS
and
Greenply
Industries
lost.
12:
30
AM
Sensex opens to consolidation, Maruti, L&T dip
Opening on a flat note, Sensex continues to see consolidation for the second day. Oil & gas, Bharti, banking and realty stocks along with Maruti and L&T were trading in the red.
At 9:56 am, BSE Sensex was trading at 16,855, down 58 points and NSE Nifty was at 5,022, down 19 points.
Among the frontliners, DLF, HDFC, Reliance Infrastructure, BPCL, L&T, Maruti, Idea Cellular, ICICI Bank and Reliance Industries were witnessing selling pressure.
On a positive note, FMCG, select technology and metal stocks were the gainers was seeing buying.
Wipro was up 1.5 per cent, and TCS, Tata Steel, HUL, Cairn and Cipla were the other gainers.
Among the midcaps, Rama Newsprint gained over 2 per cent. Austral Coke went up 5 per cent. JSL rose 7 per cent. PTC India shot up 4 per cent.
Balrampur Chini dipped 0.7 per cent.
Orchid
Chemical,
which
lost
over
10
per
cent
in
the
previous
session,
fell
0.5
per
cent.
Dena
Bank,
Vijaya
Bank,
Bank
of
India
and
Andhra
Bank
were
down
0.2
to
0.8
per
cent.
10:
34
AM
OneIndia News