Sensex ends 270 pts down; realty, metal slip
Mumbai, Feb 4: The benchmark Nifty retreated on the back of profit booking and weak global cues. Realty, metal, technology, telecom and auto were the major losers.
The 50-share NSE Nifty cracked the 4850 as well and fell 1.75 pc or 86.50 points, to settle at 4,845.35.
The 30-share BSE Sensex closed at 16,224.95, down 271.10 points or 1.64 pc.
Realty was the major loser and the respective Index tanked nearly 4 pc. DLF was down 4.4 pc and Unitech down 4.6 pc.
SAIL, Sterlite Industries and Tata Steel fell 3-3.8 pc. Hindalco tumbled 6.5 pc, a top loser and Jindal Steel lost 1.76 pc.
In Asian cues, Hang Seng fell 1.3 pc and Straits Times lost 0.7 pc. Shanghai, Jakarta and Nikkei declined 0.3-0.46 pc. Kospi and Taiwan closed flat.
European
markets
also
slipped
in
red
after
flat
opening.
CAC,
DAX
and
FTSE
were
trading
0.6-0.8
pc
lower,
at
the
time
of
closing
of
Indian
equities.
US
index
futures
were
down
0.4-0.5
pc.
4:33
PM
Nifty
slips
further;
Tata
Motors,
HDFC
down
At
12.33
pm,
the
Nifty
was
down
close
to
1
pc.
Selling
pressure
was
seen
in
realty,
metal,
IT,
auto,
power
and
bank
stocks.
Buying was seen in FMCG stocks. The BSE Midcap index turned into red indicating further weakness in the market.
The Sensex was up 197.25 points or 1.22 pc at 16360.69, and the Nifty was down 44.65 points or 0.91 pc at 4887.20.
About 1404 shares advanced, 1478 shares declined, and 259 shares were unchanged.
In the largecap space, ITC was the top gainer on the Sensex. Sun Pharma ICICI Bank and ONGC were marginally trading in green.
On
the
losing
side,
Hindalco,
HDFC,
Tata
Motors,
Jaiprakash
Associates
and
Tata
Steel
were
down
2-3
pc.
1:48
PM
Nifty
southbound;
realty,
tech,
banks
dip
At
11:11
am,
the
Nifty
was
trading
close
to
the
4900
mark
with
negative
bias.
The Sensex was up 229.08 points or 1.42 pc at 16392.52, and the Nifty was down 37.45 points or 0.76 pc at 4894.40.
About 1471 shares advanced, 1363 shares declined, and 306 shares were unchanged.
Heavy selling was seen in realty, IT, metal, banks and auto stocks.
Buying was seen in consumer durables and FMCG stocks. The BSE Midcap and Smallcap index were marginally trading in the green.
In the largecap space, GAIL was the top gainer with more than 4 pc gain. Ranbaxy Labs, BPCL, Maruti Suzuki and ICICI Bank were up 0.3-1.3 pc.
On
the
losing
side,
HDFC,
Hindalco,
Tata
Steel,
Wipro
and
Unitech
were
down
1.8-2.5
pc.
11:43
AM
Sensex opens negative on weak Asian cues
Sensex started the day on a negative note on the back of profit booking. Weak Asian cues also weighed on the markets.
At 9:02 am, the Sensex was trading at 16442, down 53 points and the Nifty was at 4913, down 18 points.
The BSE Smallcap Index fell 16 points to 8496. The market breadth was mixed; about 330 shares advanced while 359 shares declined on the NSE.
Metal, banking, capital goods and realty stocks were seeing selling pressure.
Among frontliners, ICICI Bank was up. ACC and Ambuja Cements gained ahead of results today.
However, Sterlite, Tata Steel, Hindalco, L&T, PNB, HDFC Bank, DLF, Unitech and Jaiprakash Associates were under pressure.
Asian
markets
were
trading
off
day's
high.
Shanghai
and
Kospi
fell
0.2
pc
each.
Nikkei
and
Straits
Times
declined
0.6
pc
each.
Hang
Seng
lost
1
pc.
However,
Taiwan
and
Jakarta
were
marginally
in
the
green.
9:59
AM
OneIndia News