Sensex ends 155 pts down
Mumbai, Jan 19: Sensex closed amidst selling pressure in the last one hour of trade, owing to down trend in all sectors except banking. Weak European cues continued its pressure on the market, which traded lower amid volatility major part of the day.
In the closing session, Sensex slipped 155.02 points at 17,486.06 and Nifty closed at 5225.65, down 49.20 points.
The losses were capped to major extent by the banking and select metal stocks along with BHEL as they outperformed others in the largecap space.
Divestment candidates continued their run for the second consecutive day, which started after the comment by divestment secretary on Monday, Jan 18.
Andrew Yule, Transport Corporation, National Fertiliser and FACT were locked at 20pc upper circuit each.
Rashtriya
Chemical
and
Hindustan
Copper
shot
up
nearly
19pc.
HMT
gained
14pc,
ITI
was
up
11pc
and
NMDC
moved
5.6pc.
STC
India
surged
6pc.
4:30
PM
Sensex
volatile
with
negative
bias
Sensex
was
trading
marginally
lower
amidst
consistent
volatility
owing
to
tussle
between
bulls
and
bears.
Technology, cement, realty, power, pharma, select capital goods and auto stocks figured in the profit booking.
Market was also under pressure due to weak European cues.
At 1: 56 pm BSE Sensex was down 68 points at 17,572 and the Nifty was up 24 points at 5,250.
Top percentage gainers include Andrew Yule, Mount Everest, National Fertiliser, AVT Natural and FACT up 20pc each.
Rashtriya Chemical shot up 16.69pc, Hindustan Copper gained 16.61pc.
Among the midcaps, gainers were Gammon India and Shriram City up 8.7 to 10pc while HT Media, Bajaj Hindusthan, PTC India, Sun Pharma Advanced and Apollo Tyres lost 3 to 6pc.
In the smallcap space, Kolte-Patil, Solvay Pharma, ITI and Mangalore Chemical shot up 10 to 11pc. However, OCL Iron, Richa Industries, Dharani Sugars, OCL India and Gee Kay Finance slipped nearly 5pc.
2:26 PM
Sensex trading low; tech, auto dip
Sensex was trading marginally lower amid volatility, supported by selling in technology, oil & gas exploration, FMCG, realty, telecom, cement and select auto stocks.
But the losses were capped to a major extent by buying interest in metal and select banking stocks along with BHEL and Reliance Infrastructure
At 11:19 am, Sensex was trading at 17,597, down 43 points and the Nifty was at 5,259, down 15 points.
In NSE Nifty, the negative contributors were ONGC, TCS, Infosys, Wipro, HDFC, NTPC and DLF while the positive contributors were BHEL, Sterlite, SAIL, JSPL, ICICI Bank and SBI.
The most active shares on the bourses were Hindustan Copper, NMDC, Mahindra Satyam, STC India, Dredging Corporation and Jindal Steel.
Among the midcaps, Andrew Yule, Mahindra Holiday, STC India, GMDC and National Fertiliser shot up 6 to 12pc. However, Apollo Tyres, Sun Pharma Advanced, UTV Software, Hotel Leela and Anant Raj Industries lost 2 to 3.3pc.
In
the
smallcap
space,
the
gainers
were
Solvay
Pharma,
Mount
Everest,
Numeric
Power,
Walchandnagar
and
Subhash
Project
up
8
to
12pc,
while
Richa
Industries,
Dharani
Sugars,
Vindhya
Telelink,
Gee
Kay
Finance
and
Vinati
Organics
with
4
to
5pc
lost
were
losers.
12:15
PM
Sensex opens on quiet note; RIL gains
At the opening session, Sensex started on a quiet note, owing to mixed cues from Asian markets.
Whie buying were witnessed in metal and power stocks, along with Reliance Industries, SBI and Reliance Comm, echnology, FMCG, select auto and cement stocks along with ONGC, BHEL and HDFC Bank were under pressure.
At 9:03 am, BSE Sensex was trading at 17,625, down 15 points and the Nifty was at 5,270, down 4 points.
Among the fronltiners, the gainers in the early trade were Reliance Capital, Jaiprakash Associates, Maruti, Sterlite Industries, Tata Steel, Jindal Steel & Power, SAIL, Reliance Communications, IDFC, SBI and Tata Power.
After rallying on 3 pc on Jan 18, GAIL shot up another 1pc on 239pc jump in Q3 net profit.
In the Midcap and Smallcap space:
The top traded counter was City Union Bank with 4.5pc gain. NMDC rose 5.4pc; MTNL up 2pc and STC India gained 3.5pc.
Federal Bank was up 3pc; Geometric Software shot up 4pc and DCB up 2pc. Sesa Goa went up 2pc on good set of numbers.
Madras Fertilisers rose 2pc, while ahead of board meetings, Shree Renuka Sugars was up 1.5pc, UCO Bank rose 1.5pc.
On the other, Chambal Fertiliser, Praj Industries and Mahindra Satyam slipped 1pc each.
Global cues:
Asian
markets
were
mixed
in
trade.
While
Shanghai,
Jakarta
and
Kospi
were
marginally
up,
Hang
Seng,
Nikkei
and
Straits
Times
were
marginally
down.
Taiwan
lost
0.8pc.
9:40
AM
OneIndia News