Nifty ends in red; Oil gas companies rally up

Posted By: Samyuktha
Subscribe to Oneindia News

Mumbai, Jun 25: At 4:10 hrs, BSE Sensex was 17,574.53 down 155.71 points and NSE Nifty was 5269.05 down 51.55 points.

Nifty ended the day sharply lower as most shares including technology, metal, FMCG, capital goods, realty and select auto companies' trade nose dived.

Oil and gas companies led the support to markets, after the government declared the hike in petrol prices. Oil and gas companies like HPCL, IOC and BPCL gained the most. They went up by 10.4 to 13.7 percent. ONGC and Essar Oil surged by 6 percent. GAIL ended the day by going up 1.6 percent. BSE Oil and Gas Index rose 2.88 percent.

Select telecom and power stocks gained. Reliance Industries was up by 1.1 percent and Reliance Natural Resources went by 3.3 percent.

Sterlite Industries was down 3.4 percent. Jindal Steel, SAIL, Tata Steel and Hindalco lost 1.7-2.4 percent.L&T, ABB and Siemens from capital goods segment went down 1-1.8 percent.

ITC and HUL from FMCG space plunged 1.4-1.7 percent, DLF and Unitech went down 1 percent each. ACC and Ambuja Cements also lost 1 percent.

M&M and Tata Motors from auto pack slipped 3 percent and 2 percent respectively. Hero Honda plunged 0.1 percent. Maruti was in the green side as it gained 0.7 percent.

However, Reliance Communications from telecom space rose 2.3 percent, Idea Cellular was up 1.6 percent.

In the power space, NTPC, Reliance Power, Suzlon and Reliance Infrastructure were up 0.3-0.7 percent.
4:54 PM

Mkts consolidate; Wipro, HDFC, Sterlite dip

The last day of the week has been yet another day of consolidation for the benchmarks. Both Sensex and Nifty continue to trade in the red zone.

At 2:00 pm, BSE Sensex was at 17,628.98, down 101.26, NSE Nifty was at 5289.40, down 31.20.

Among the largecaps, Cipla, Reliance Communiactions, Idea Cellular, Reliance Capital and Reliance Infra gained 2 to 2.3 per cent while Sterlite Industries, Wipro, HDFC Bank, and Jindal Steel lost 1.7 to 2.5 per cent.
2:08 PM

Mkts down; IT, realty, metals weigh

Even though it was showing signs of recovery from the day's low, NSE Nifty faced resistance at 5300 mark. Dragged down by financial, technology, realty, metal, select auto and capital goods companies' shares, the indices gave way and dipped.

At 12: 20 pm, BSE Sensex was at 17,643.55, down 86.69, and NSE Nifty was at 5293.66, down 26.95.

Reliance Communications, Reliance Natural Resources, VIP Industries, Reliance Capital, HOEC, Reliance Industries, ICICI Bank and Tata Steel were the most active on the markets.

Telecom, power and select healthcare companies' shares along with ONGC, Maruti, BHEL and Cairn India were in the green zone.

The top gainers were Zenith Birla, which shot up 20 per cent. Onward Tech, Zenith Computer, EIH Associated Hotel, Khaitan and Precot Meridian, which rallied 10 to 16 per cent.
12: 27 PM

Mkts open negative on weak global cues

Weak global cues forced the Indian benchmarks to begin the day on a weak note. Nifty began below the 5300 mark while Sensex tanked 70 points on the opening bell.

At 9:01 am, NSE Nifty was trading at 5296, down 24 points and BSE Sensex was at 17660, down 70 points.

Selling pressure was seen in frontliners like HUL, Unitech, HDFC, HDFC Bank, Tata Steel, ICICI Bank and DLF.

On a positive note, Reliance Communications and Reliance Infrastructure gained. ONGC, BPCL, HPCL and IOC were trading in the green ahead of the EGoM meeting on Friday, Jun 25.
9:42 AM

OneIndia News

Please Wait while comments are loading...