Sensex ends below 16k mark; DLF, Wirpro, ACC lose
Mumbai, May 17: The markets had a rough day right in the beginning of the week. After opening the day in the red, the indices continued to plunge further on selling.
However, on the opening of European markets the benchmarks recovered marginally from the day's lows.
BSE Sensex shut shop at 16,835.56, down 159.04 points and NSE Nifty closed at 5059.90, down 33.60 points.
Posting a 44 per cent surge in its Q4 results, L&T was one among the top gainers on the Sensex. The company's shares surged 5.03 per cent to Rs 1,606.6.
The other top gainers were HUL up 2.57 per cent, SBI up 1.64 per cent, Bharti Airtel up 0.78 per cent and Cipla up 0.26 per cent.
The
losers
were
DLF
down
4.12
per
cent,
Wipro
down
3.34
per
cent,
ACC
down
3.29
per
cent,
Tata
Motors
down
3.64
per
cent
and
Jaiprakash
Associates
down
3.2
per
cent.
4:
31
PM
Sensex down 266 pts; Rel Infra, DLF, Axis dip
With the European markets opening flat, the Indian indices recovered marginally from the day's lows. They are, however, in the red zone.
At 2:00 pm, BSE Sensex was trading at 16,727.64, down 266.96 points and NSE Nifty was at 5021.55, down 71.95 points.
Surging 20 per cent, ABB became the top gainer. Siemens was the other gainer, up 6 per cent while Kotak Mahindra, Bharti Airtel and Hindalco were also trading in green.
Reliance Infra, DLF, Tata Motors, Axis Bank and Wipro were down 3.5 to 5 per cent.
Karnataka Bank, Coromandel International, Piramal Healthcare, GlaxoSmith Consumer and Hind Nat Glass were the midcap gainers, while Prakash Industries, HT Media, Aban Offshore, Bhushan and Gee Kay Finance lost.
Among
the
smallcaps,
Sujana
Towers,
JMD
Telefilms,
Bartronics,
Ratnamani
Metal
and
Network
18
were
up
while
Lakshmi
Energy,
Seamec,
Thiru
Arooran,
Vipul
and
DCM
Shriram
Consolidated
dipped.
2:05
PM
Mkts continue to plunge; Sensex suffers selling
The Indian benchmarks continued their southbound journey. While Nifty lost over 120 points, Sensex was witnessing huge selling pressure.
The broader indices also followed the suit and were trading in red.
At 12: 07 pm, BSE Sensex was down 413.56 points or 2.43 per cent at 16581.04, and NSE Nifty was down 122.70 points or 2.41 per cent at 4970.80.
BSE midcap and smallcap indices were down 2 per cent each.
Reliance, Infosys, ICICI Bank, L&T, TCS, SBI and ITC were trading negative weighing on the markets.
Prakash Industries, Bhushan Steel, IndusInd Bank, Dalmia Cement and IVRCL Infra were midcap losers, down 5 to 10 per cent. Karnataka Bank, Piramal Healthcare, Marico, Hind Nat Glass and GlaxoSmith Consumer were the gainers, up 2 to 4 per cent.
Among the smallcaps, Lakshmi Energy, Panoramic Universal, Zandu Realty, Heidelberg Cement and Ganesh Housing were the losers, down 5.5 to 7.5 per cent.
Sujana
Towers,
JMD
Telefilms,
Network
18,
Fedders
Lloyd
and
Subhkam
Capital
were
gainers,
up
3
to
8
per
cent.
12:
24
PM
Mkts open gap down on weak global trading
On weak trading in global markets, the Indian markets too opened the day on a negative note.
With the global markets down up to 2 per cent, Indian markets opened with a gap down of about 2 per cent.
At 9:03 am, BSE Sensex was down 306.10 points or 1.80 per cent at 16688.50, and the Nifty down 82.70 points or 1.62 per cent at 5010.80.
In the largecap space, Rel Infra, JP Associates, DLF, Tata Steel, Hindalco, Sterlite Ind, SBI, Wipro, ACC, Ambuja Cements, Unitech, Infosys, JSPL, Rel Comm, Rel Cap, L&T, RIL were the top losers.
The
Asian
markets
were
also
trading
weak.
9:
44
AM
OneIndia News