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Nifty ends flat; Wipro, GAIL, Hindalco dip

Written by: Staff

Mumbai, Feb 8: The benchmark Nifty closed first session of the week on a flat note. It traded below the 4700 level on the back of weak Asian cues and some profit booking.

The 30-share BSE Sensex closed at 15,935.61, up 19.96 points, after seeing day's high of 16,061.41 and low of 15,651.99.

The 50-share NSE Nifty touched an intraday high of 4,799.05 and low of 4,675.40, before ending at 4,760.40, up 3.15 points.

Punjab National Bank (3.48 pc), Reliance Communications (3 pc), Bharti Airtel (2.78 pc), Hindustan Unilever (2.66 pc) and ONGC (2.55 pc) were the gainers.

Tata Steel (-4.52 pc), Hindalco Industries (-3.79 pc), GAIL (-2.24 pc), Wipro (-1.71 pc) and Tata Power (-1.69 pc) were the losers.

Asian markets ended slightly mixed; Nikkei was down 1 pc and Kospi down 0.91 pc. Hang Seng was down 0.58 pc and Shanghai down 0.14 pc. Jakarta lost 1.7 pc, which had fallen over 3 pc.

However, Straits Times was up 0.37 pc, which lost 2.5 pc during the day. Taiwan was flat.

4:20 PM

Sensex trades lower; IT, oil & gas down

At 12:27 pm, selling across all the sectors was putting pressure on the Sensex, which was trading 200 points down while the Nifty was below the 4700 mark.

The Sensex was trading at 15693, down 222 points and the Nifty was at 4685, down 71 points.

The BSE Midcap Index fell 1 pc and the Smallcap was down 0.67 pc.

About 986 shares advanced while 1743 shares declined on the NSE. Nearly 423 shares were unchanged.

All the sectoral indices were in the red; the Metal Index lost 2.5 pc. IT, Oil & Gas, Auto, Power, Healthcare, Bank and Realty indices were down 1-1.4 pc.

However, Bharti Airtel, Hero Honda, HUL, Sun Pharma, Siemens and PNB were outperforming others in largecaps.

Weak Asian cues also weighed on the markets; Straits Times tumbled 2.5 pc and Jakarta fell 3 pc. Nikkei, Kospi and Hang Seng were down 0.75-1 pc. Shanghai was down 0.16 pc.

1:39 PM

Sensex slips 62 pts; tech dips

After trading in red, benchmark Nifty was consolidating at current levels.

While selling in oil & gas, technology and capital goods kept the market under pressure, buying in auto, metal, banking, select telecom and power stocks, including HUL capped the losses to some extent.

At 10:13 am, Nifty was trading at 4739, down 17 points and the Sensex was at 15853, down 62 points.

The broader indices outperformed the benchmark indices.

Global Cues:

Asian markets were trading in mixed. Shanghai, Hang Seng, Nikkei and Kospi lost 0.2 to 0.66pc. Jakarta slipped 2.25pc, while Straits Times and Taiwan rose 0.2 to 0.33pc.

11:03 AM

Nifty trades in red amidst volatility; RIL slips

After starting on flat note, Nifty traded in red amidst volatility, supported by the profit booking after nearly 40 points rally in special trading session on Saturday, Feb 6. Heavyweights witnessed pressure.

At 9:02 am, Nifty was down 17 points at 4739 and Sensex was trading at 15843, down 72 points. Meanwhile CNX Midcap rose 10 points to 7162.

Among the frontliners, losers in the opening session were ONGC, HDFC, BHEL, NTPC, Wipro, Infosys, HCL Tech, L&T, ACC, Tata Steel and Reliance Industries.

On the other hand, HUL, Reliance Power, Power Grid, Suzlon Energy, SAIL and SBI were marginally in green.

In today's listing, Jubilant Foodworks fared better than its last week listing and rose 32pc to Rs 191.5 compared to issue price of Rs 145 per share.

In the Midcap & Smallcap space:

Fame India shot up 5pc. Inox on the other hand was flat.

Shree Ashtavinayak slipped 4pc, after witnessing run-up in last few sessions.

Hotel Leela was up 3pc, while Gujarat Gas rose 3.5pc.

Following reports of the company hiring US firm to restructure and improve its operational and financial performance, Kingfisher Airlines was up 1.5pc.

Global Cues:

Asian markets witnessed mixed trade. Shanghai, Hang Seng, Nikkei and Kospi lost 0.2 to 0.5pc, while Straits Times and Taiwan gained 0.2 to 0.3pc.

9:30 AM

OneIndia News

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