Mkts end flat after consolidation
Mumbai, Jun 23: After seeing consolidation throughout the session, the benchmarks added the day flat. The first half of the trade was a struggle for the indices due to weak global cues. However, in the last few hours, they recouped.
BSE
Sensex
shut
shop
at
17,755.94
,
up
just
6.25
points,
NSE
Nifty
closed
at
5323.15,
up
6.60
points.
Buying interest was seen in telecom, healthcare, realty, FMCG, cement, private financial and select technology companies.
The
gains
were
capped
by
selling
in
heavyweights
like
L&T,
NTPC,
Reliance
Industries,
ONGC
and
SBI.
Among
the
other
losers
were
Jindal
Steel,
Sterlite,
Reliance
Power,
HCL
Tech,
Wipro,
Tata
Motors,
Kotak
Mahindra
Bank,
IDFC
and
M&M.
4:
38
PM
Benchmarks turn green on help from auto, FMGC
After the downtrend in the first half of the trading, the benchamarks are trading in the green zone. The indices are seeing consolidation as ahead of expiry.
At 2: 20 pm, BSE Sensex was at 17,761.08, up 11.39 points and NSE Nifty rose 10.40 points to trade at 5326.95.
The markets were gaining support from telecom, private financial, pharma, auto, realty, FMCG, and cement companies' shares.
Technology and metal stocks were trading mixed.
The
gains
were
capped
by
the
sell-off
in
L&T,
NTPC,
Reliance
Industries,
ONGC
and
SBI,
while
weak
Asian
and
European
cues
were
also
weighing
on
the
markets.
2:
25
PM
Benchmarks range-bound; IT, metal, power dip
Both the benchmarks were in range-bound trading ahead of the F&O expiry on Thursday, Jun 24. The markets were under pressure from sell-off in financial, metal, power, technology and cement companies' shares. Asian cues also weighed on the indices.
At 12: 20 pm, BSE Sensex was at 17,732.74, down 16.95 points and NSE Nifty was at 5315.25, down 1.30 points.
On
the
positive
side,
markets
received
some
support
from
Bharti,
Maruti,
BHEL,
GAIL,
Cairn,
Sun
Pharma,
Reliance
Communications,
BPCL,
Reliance
Infrastructure,
Suzlon,
Hero
Honda,
HUL,
Unitech
and
Cipla,
which
were
witnessing
buying
interest.
12:
24
PM
Mkts open flat; Wipro, RComm, ITC under pressure
Disappointing US home sales data and Europe tax news took the global markets on a downtrend adversely affecting the Indian markets.
The Benchmarks opened the day flat. The indices were also seeing some consolidation ahead of F&O expiry on Thursday, Jun 24.
At 9:07 am, BSE Sensex was trading at 17716, down 33 points and NSE Nifty was at 5309, down 6.6 points.
Selling pressure was seen in frontliners such as Wipro, HCL Tech, Jaiprakash Associates, Unitech, Sterlite Industries, Jindal Steel & Power, Hindalco, ICICI Bank, Reliance Communications, Suzlon Energy and ITC.
Ahead of the EGoM meet on fuel prices on Friday, Jun 25, Tata Steel, SAIL, BPCL, Reliance Power, GAIL and ONGC were gainers. PSU oil companies were seeing buying interest.
Among the midcaps and smallcaps, Shree Renuka Sugars rose 1.7 per cent. Textile stocks like Alok Industries was up 2.5 per cent. VIP Industries gained 4 per cent. DCB and Karnataka Bank were up 1.5 per cent. Essar Oil rose 0.8 per cent. HPCL went up 1.5 per cent. Murli Industries rallied 8 per cent. Nagarjuna Fertilisers, Hanung Toys and Star Paper gained 1 to 3 per cent. GVK Power was up 0.5 per cent.
On
the
negative
side,
Sesa
Goa
and
Hindustan
Motors
declined
nearly
1.5
per
cent.
9:50
AM
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