Mkts slip and end in red on profit booking
Mumbai, Feb 18: Profit booking ans selling in metal, cement, capital goods, private power, realty and select technology companies' shares forced the markets to trade weak and ended lower.
The 30-share BSE Sensex shut shop at 16,327.84, down 101.07 points or 0.62 per cent and the 50-share NSE Nifty fell 0.53 per cent or 26.25 points to shut shop at 4,887.75.
However, the losses were limited marginally due to buying in biggies like NTPC, HDFC Bank, Bharti Airtel, Infosys, HDFC.
One
of
the
biggest
losers
which
also
led
the
markets
to
the
red
zone
was
index
heavyweight
Reliance
Industries
which
ended
below
the
sub
Rs
1000
level,
declining
3.35
per
cent.
4:11
PM
Sensex slips 126 pts on selling in RIL, SBI
The markets continued to see volatile trade, and Sensex continued its southbound journey. At 2:01 pm, BSE Sensex was trading at 16302, down 126 points and NSE Nifty was at 4879, down 34.5 points.
Sensex plunged on back of selling in heavyweights Reliance Industries (down 3 per cent) and SBI ( down 1 per cent).
However, the losses were capped marginally due to the buying in NTPC, Axis Bank, Infosys, HDFC Bank, HDFC, Siemens, Idea Cellular, Cipla, Hero Honda, Ranbaxy and DLF.
The broader indices too declined 0.4 to 0.6 per cent.
JM Financial up 12.75 per cent, Havells India, Omaxe, 3M India and Godrej Consumer up 3to 4.5 per cent were the top midcap gainers, while Castrol, Shree Renuka, Bajaj Hindusthan, Balrampur Chini and Indiabulls Real declined 4 to 6 per cent.
In
the
small
cap
space,
Abbott
India,
Venus
Remedies,
Electrotherm,
Surana
Industries
and
Gee
Kay
Finance
rose
5.6
to
11.4
per
cent,
while
Thinksoft
was
locked
at
10%
lower
circuit.
Panacea
Biotec,
IndiaNivesh
and
Indo
Tech
Transformers
slipped
5
to
9
per
cent.
2:32
PM
Mkts southbound; RIL slips 2 pc
Nifty continues to trade lower amid volatility due to profit booking. At 11: 31 am, BSE Sensex was trading at 16385, down 43 points and NSE Nifty was at 4901, down 13 points. The broader indices were flat in trade.
Even though buying continued in pharma, technology, private financial and select power companies' shares, markets were reeling under the selling pressure in oil & gas exploration, metal, cement, select telecom and auto companies' shares.
The other losers were SBI, BHEL, Unitech, Jaiprakash Associates, PNB and ITC.
In the banking segment, Axis Bank and HDFC Bank gained 1.3 to 2.4 per cent while IDFC gained 4.4 per cent and ICICI Bank was up 0.7 per cent.
In the IT sector, Infosys and TCS went up 0.7 to 0.9 per cent and Wipro rose 0.2 per cent.
In pharma, Ranbaxy Labs surged 2.7 per cent, Cipla rose 1.2 per cent and Sun Pharma gained 0.5 per cent
On
the
negative
side,
metal
stocks
like
SAIL,
Tata
Steel,
Jindal
Steel
and
Sterlite
dipped
1
to
2
per
cent.
Heavyweight
Reliance
Industries
slipped
2
per
cent,
SBI
was
down
0.9
pc,
BHEL
was
down
0.7
and
ONGC
0.4
per
cent.
12:
02
PM
Mkts open weak; metal, IT, telecom under pressure
After seeing a rally and closing above the psychological 4900 mark in the previous session, Nifty opened the day on the weaker side amid volatility.
At 9:02 am, NSE Nifty was trading at 4895, down 18 points and BSE Sensex was at 16371, down 57 points. However, the CNX Midcap was up 5 points at 7360.
Metal, select banking, technology, capital goods, oil & gas and telecom stocks were under pressure.
IDFC, BPCL, Cipla, Tata Power, Sun Pharma, Infosys, DLF and ITC were the frontline gainers.
SAIL, Tata Steel, Sterlite Industries, Reliance Industries, Unitech, Jaiprakash Associates, SBI, HDFC, L&T, BHEL and Ambuja Cements were trading in the negative territory.
In the midcap and smallcap space, Thinksoft continues to reel as it was locked at 10pc lower circuit. Over the last two days, it plunged over 40pc in two 20 per cent lower circuits. Following this, the stock entered into trade-for-trade.
Among other losers, Shree Ashtavinayak was down 5 per cent, and Shree Renuka Sugars dipped 2 per cent ( sugar prices down globally).
Trading
on
the
positive
side
were
Fame
India,
Reliance
Capital,
KRBL,
Clutch
Auto
and
Max
India.
9:
46
AM
OneIndia News