Mkts close with modest gains
Mumbai, Mar 10:After opening and trading in a positive note for the first part of the session, the indices turned volatile. The benchmarks closed with modest gains.
BSE Sensex ended at 17,098.33, up 45.79 and NSE Nifty shut shop at 5116.25, up 14.75.
Nifty managed to hold on to the 5100 mark due to heavyweight Reliance Industries, which went up nearly 2 per cent.
The
new
listing,
Texmo
Pipes
closed
on
the
positive
side,
up
by
54.50
per
cent.
4:
22
PM
Mkts dip on selling in ONGC, SBI, Infy, NRPC
Selling in heavyweights like ONGC, ICICI Bank, SBI, Bharti Airtel, Infosys and NTPC has forced the Sensex to abandon its northward journey and hover around the previous closing values.
At 1: 55 pm, BSE Sensex was trading at 17075, up 22.5 points and NSE Nifty was at 5105, up 4 points. The broader indices also dipped.
On the sectoral front, metal, power, realty and select technology were the losers.
Nifty was gaining support from heavyweight Reliance Industries as it rose up to 2 per cent.
Also on the positive side were FMCG and cement stocks along with TCS, HDFC, Hero Honda, Axis Bank, Tata Power, HDFC Bank, Tata Motors and Jaiprakash Associates as they witnessed buying pressure.
The new listing - Texmo Pipes continued to do well. It was trading at Rs 133.20, up 48 per cent.
Asian Star, BF Utilities, M&M Financial, Cox & Kings and Rajesh Exports were the midcap gainers, while Balrampur Chini, Bajaj Hindusthan, Triveni Engg, Shree Renuka and National Fertiliser lost dipped.
Among
the
smallcaps,
Force
Motors,
Nitin
Fire
Protection,
Zylog
Systems
and
Man
Industries,
Orbit
Corporation
surged
while
Dhampur
Sugar,
Ajmera
Realty,
Dharani
Sugars
and
KPIT
Cummins
plunged.
2:
25
PM
Mkts up; Tata Motors, ACC, Reliance, IDFC gain
The benchmarks are currently on a northbound journey. At 11:20 am, BSE Sensex was trading at 17158, up 105 points and NSE Nifty was at 5128, up 27 points.
Broader indices also followed the suit. The BSE Midcap Index was up 0.64 per cent and the Smallcap was up 0.7 per cent.
The top gainers were Tata Motors up 2.31 per cent; Tata Power up 1.76 per cent; Jaiprakash Associates up 1.71 per cent; ACC up 1.51 per cent; Reliance up 2.69 per cent and IDFC up 1.82 per cent.
The new listing, Texmo Pipes was trading at Rs 131.65 over its issue price of Rs 90, up 46.28 per cent.
The midcap gainers were Asian Star, M&M Financial, BF Utilities, Cox & Kings and Indiabulls Financial while Balrampur Chini, Bajaj Hindusthan, Whirlpool, Bharat Forge and Triveni Engg slipped.
In
the
smallcap
arena,
Force
Motors
was
locked
at
20
per
cent
upper
circuit.
The
gainers
were
Nitin
Fire
Protection,
Man
Industries,
Bhansali
Eng
and
Zylog
Systems
while
Gemini
Comm,
Dhampur
Sugar,
Ajmera
Realty,
KPIT
Cummins
and
Maharashtra
Polybutenes
lost.
12:
42
PM
Mkts open flat on mixed Asian cues
Mixed cues from Asian markets have prompted the Indian benchmark indices to open on a flat note. At 9:03 am, BSE Sensex was trading at 17081, up 28 points and NSE Nifty was at 5106, up 5.7 points.
While some technology stocks were reeling under pressure, FMCG, metal, select banking, pharma and auto stocks were early gainers.
DLF, Jindal Steel & Power, Unitech, Bharti Airtel, Siemens, Infosys, L&T and Suzlon dipped.
On the positive side, buying interest was seen in HDFC, ITC, Tata Motors, Hero Honda, Reliance Capital, Reliance Industries and HUL.
The new listing, Texmo Pipes and Products was trading at Rs 123 over its issue price of Rs 90 per share.
Among the midcaps and smallcaps, Bank of Rajasthan dipped 1.5 per cent, Bajaj Hindusthan and Shree Renuka slipped 2 per cent.
However,
Mahindra
Forgings
gained
4
per
cent
and
HDIL
rose
1
per
cent.
9:
39
AM
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