Mkts close marginally lower; Infy, HUL, Idea lose

Posted By: Samyuktha
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Mumbai, Jul 2: After trading range-bound around the 5250 mark throughout the day, Nifty closed the day marginally lower. Sensex also followed the suit.

BSE Sensex ended at 17,460.95, down 48.38 points and NSE Nifty shut shop at 5237.10, down 14.30 points.

Buying was seen in metal, financial, auto, select power and technology companies' shares while Reliance Industries, Infosys, BHEL, Sterlite, HUL, M&M, Idea, L&T, ITC, Reliance Infrastructure and Ranbaxy Labs dipped.

The European and Asian markets also traded mixed.
4: 06 PM

Nifty struggles at 5250; IT, FMGC under pressure

Nifty continued to trade at the 5250 mark. However, after dipping into the red zone few hours back, the benchmarks are now marginally up.

At 1: 50 pm, BSE Sensex was at 17,519.04, up 9.71, and NSE Nifty was at 5254.30, up 2.90 points.

While selling pressure was seen in IT, telecom and FMCG stocks, buying was seen in banking, oil & gas and power stocks.

Among the largecaps, Reliance Power, Suzlon Energy, PNB, Wipro and Reliance Capital gained 1.6 to 4 per cent while Idea Cellular, HCL Tech, Infosys, Sterlite Industries and HUL slipped 1 to 2 per cent.

In the heavyweight space, Hindustan Lever was down 0.94 per cent, Reliance was up 0.05 per cent, IT major Infosys was down 1.5 per cent, Cigarette major ITC was down 0.13 per cent, and Refinery giant HPCL was up 1.21 per cent.

Monnet Ispat, GSFC, Indraprastha Gas, GNFC and Puravankara Projects were midcap gainers, while Gee Kay Finance, Vijaya Bank, MVL, Fresenius Kabi and Sterlite Technologies lost.

Vipul, Nucleus Software, KLG Systel, Aarti Industries and Premier were smallcap gainers while ensar Tech, Atco Corp, Minda Industries, Nirlon and Balaji Distilleries slipped.
2: 02 PM

Benchmarks turn red; Infy, RIL, DLF under pressure

With half of its stocks in the red, Nifty was consolidating at 5250 level. Both the benchmarks were trading with marginal losses.

At 11: 45 am, BSE Sensex was trading at 17475, down 34 points and NSE Nifty was at 5240, down 10.5 points.

Selling pressure was seen in heavyweights like Infosys, Reliance Industries, ICICI Bank, BHEL, Bharti, HUL and DLF.

However, on the positive side, ONGC, TCS, Wipro, NTPC, PNB, SAIL, Maruti and Sun Pharma were supporting the benchmarks.
12: 04 PM

Mkts open flat with +ve bias; auto, banking up

After suffering weak global cues and sell-off in the previous session on Thursday, Jul 2, Nifty has begun the day with a positive bias.

The benchmarks have opened flat but were trading positive with help from auto, banking and realty companies' shares.

At 9:01 am, NSE Nifty was trading at 5271, up 19 points and BSE Sensex was at 17573, up 64 points. The CNX Midcap was up 0.5 per cent and BSE Smallcap gained 0.8 per cent.

Buying interest was seen in frontliners like Tata Motors, BPCL, Kotak Mahindra Bank, PNB, SBI, Jaiprakash Associates, TCS, Hero Honda, L&T, Unitech, DLF and Maruti Suzuki.

The early losers were Infosys, HUL, ACC and Ambuja Cements.
9: 47 AM

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