Mkts end flat after consolidation

Posted By: Samyuktha
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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

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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