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