Sensex ends 100 pts down; metals, auto dip
Mumbai, Dec 21: The selling in almost all the sectors hammered the Sensex. It lost over 100 points in the last half an hour of trade.
The 30-share BSE Sensex closed at 16,601.20, down 118.63 points or 0.71 pc, after seeing an intraday range of 16,577.78-16,750.99.
The 50-share NSE Nifty fell 0.7 pc or 35.10 points, to settle at 4,952.60, after hitting an intraday low of 4,943.95.
The BSE Capital Goods, Metal, Realty and Auto indices declined 1.2-1.6 pc. Capital goods was the major losing sector; L&T fell 2.38 pc. BHEL, ABB and Punj Lloyd were down over 1 pc. Siemens was down 0.27 pc.
Among
the
largecaps,
Reliance
Industries,
TCS,
NTPC,
Wipro,
Cairn,
ICICI
Bank
and
Idea
Cellular
were
the
only
gainers.
Overall,
the
markets
witnessed
consolidation
in
today's
trade
as
well.
4:42
PM
Nifty trading weak; RIL, Axis bank dip
At 01:13 pm, the Nifty remained choppy in trade and was hovering around its previous closing value.
The 30-share BSE Sensex was trading at 16,663, down 56 points and the Nifty was at 4,971, down 17 points.
The broader indices were outperforming the benchmark indices, up 0.4-0.7 pc. About 726 shares advanced while 508 shares declined on the NSE.
The sell-off continued in capital goods, realty, cement, select telecom and metal stocks while buying was seen in Reliance Industries, TCS, Wipro, NTPC, SAIL, Idea Cellular, Tata Steel, HUL and Ranbaxy Labs.
In the largecaps, Jaiprakash Associates, Hindalco, Bharti Airtel, L&T, M&M and BHEL gaiend 2-3 pc. However Reliance Industries, Sun Pharma, NTPC, Cairn India and Axis Bank fell 0.4-0.8 pc.
In
the
midcap
space,
Ackruti
City,
Rei
Agro,
Jagran
Prakashan,
Nava
Bharat
and
Apollo
Hospital
went
up
4.3-9.7
pc
while
State
Bank
Mysore,
Simplex
Infra,
Asian
Star,
Central
Bank
and
HMT
declined
2-3
pc.
1:48
PM
Mkts choppy with negative bias; RIL, L&T dip
At 10:47 am, the Nifty was trading marginally lower amid volatility. Heavyweights like Reliance Industries, BHEL, L&T, ICICI Bank, Bharti Airtel and ITC were seeing selling pressure.
The 30-share BSE Sensex was trading at 16,653, down 66 points and the Nifty was at 4,965, down 22 points.
The market breadth was mixed; about 1,474 shares advanced while 1,384 shares declined on the BSE. Nearly 580 shares were unchanged.
On the sectoral front, the selling was seen in capital goods, banking, FMCG, realty, select auto, power and cement stocks while buying continued in Wipro, TCS, ONGC, Tata Steel, Tata Motors, HDFC, Idea and HCL Tech.
In the midcap space, Titan Industries, Bayer Cropscience, EID Parry, Ackruti City and MRF gained 3-5 pc while Simplex Infra, IndusInd Bank, Atlas Copco, Great Offshore and Mcleod Russel fell 2.4-3 pc.
In the smallcap space, Lloyds Metals, KRBL, HEG, Prime Focus and Best and Crompt went up 6-10 pc.
However,
GMR
Industries,
Kwality
Dairy,
Deep
Industries,
Nalwa
Sons
and
aurionPro
Solutions
lost
3.5-5
pc.
11:58
AM
Mkts quiet on mixed Asian cues; RIL dips
Markets started the day on a quiet note following mixed cues from Asian markets. Private banking stocks were under pressure.
At 9:56 am, the Nifty was trading at 4,981, up 6 points and the Sensex was at 16,709, up 13 points.
The CNX Midcap rose 24 points to 7,204. About 541 shares advanced while 227 shares declined on the NSE.
Among the frontliners, TCS, Infosys, HDFC, Wipro, HCL Tech, ONGC and Maruti Suzuki were gainers while Unitech, Bharti Airtel, HDFC Bank and ICICI Bank gained.
However, heavyweight Reliance Industries was down over 1 pc.
In
midcap
space,
Kale
Consultants,
3i
Infotech,
Bajaj
Hindusthan,
Balrampur
Chini,
Triveni
Engg,
AMteck
Auto,
Sona
Koyo,
Mphasis
and
Carol
Info
were
gainers
in
early
trade.
10:26
AM
OneIndia News