Nifty ends flat; TCS, Infosys, ITC close in red

Posted By: Staff
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Mumbai, Apr 21: After gaining on opening and turning in consolidation mode in the afternoon, the Nifty ended the day on the flat.

BSE Sensex shut shop 17,472.56, up 11.98 points, NSE Nifty closed at 5244.90, up 14.80 points.

Buying interest realty, power, auto, cement and banking and financial companies' shares witnesses while ONGC, Wipro, HUL, Bharti Airtel, Axis Bank and HCL Tech were among the gainers.

Metal and capital goods companies' shares along with heavyweights like Reliance Industries, TCS, Infosys and ITC were in the red zone.
4: 27 PM

Lack of euro cues forces Nifty into consolidation

After seeing strong trading in the first half of the session, Nifty was hovering around the 5200 mark, while Sensex was trading marginally up.

Lack of european cues forced Nifty into the consolidation mode.

At 2: 07 pm, BSE Sensex was trading at 17481, up 21 points and NSE Nifty was at 5242, up 12 points.

The broader indices were outperforming the benchmarks. BSE Midcap Index rose 0.9 per cent and Smallcap gained 1.4 per cent.

Capital goods and metal companies' shares along with Infosys, TCS, Reliance Industries, Sun Pharma and HDFC were reeling under sell-off.

Buying interest was seen in Auto, power, realty, cement and FMCG companies' shares along with ICICI Bank, ONGC, Wipro, Bharti Airtel, Siemens, PNB and Kotak Mahindra Bank.
2: 43 PM

Sensex extends gains on buying, HCL surges 7 pc

Buying interest in banking & financial, oil & gas exploration, technology, realty, power, cement and auto companies' shares helps Sensex extend gains while Nifty was holding on to the 5250 level.

At 12: 30 pm, BSE Sensex was trading at 17,533.41, up 72.83 and NSE Nifty was at 5256.40, up 26.30. The Indian indices were also gaining support from the Asian markets.

HCL Tech shot up 7 per cent and Axis Bank surged 5 per cent to become the top gainers.

Index heavy weight Reliance was up 0.46 per cent. Hindustan Lever was up 1.62 per cent. IT giant Infosys was up 0.3 per cent. Cigarette major ITC was up 0.19 per cent.

However, Refinery behemoth HPCL was down 0.33 per cent.

Guj Flourochem, Essar Shipping, Jubilant Food, Gammon Infra and Indian Hotels were the top midcap gainers while Sunteck Realty, Max India, HMT, Balrampur Chini and Triveni Engineering dipped.

Among the smallcaps, Advani Hotels, Premier, GMR Industries, SRF and Binani Cement gained while MSP Steel, Jindal Worldwide, Ushdev Int, Jamna Auto and Sarda Energy lost.
12: 36 PM

Mkts open green on global cues, continued gains

After the RBI's credit policy helped the Nifty break its five-day loosing streak, the benchmark opened the day on a positive note riding on led by global cues and continued gains.

The Sensex and the broader indices too followed the suit.

At 9:02 am, NSE Nifty was trading at 5253, up 23 points and BSE Sensex was at 17531, up 70 points. The CNX Midcap went up 36 points to 7956.

Buying interest was seen in fronliners such as Jaiprakash Associates, Reliance Infrastructure, Suzlon Energy, ICICI Bank, IDFC, Cairn, Hindalco, HCL Tech, TCS and Infosys.

On restructuring news, Unitech gained 1.6 per cent. Axis Bank rose 2 per cent on good Q4FY10 numbers. HCL Tech went up just 0.5 per cent on earnings.

The only losers were L&T, SBI and Wipro.

In the midcap and smallcap arena, Ballarpur Industries was up 5 per cent, DCB gained 2.5 per cent, Zee News rose 1 per cent, TVS Motors surged 3.5 per cent, and Binani Cement shot up 7 per cent.

Among the other gainers were SREI Infrastructure, GVK Power, GMR Infra and Noida Toll, up 1.5 per cent each.
9:28 AM

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