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Mkts continue consolidation, end flat

By Samyuktha

Mumbai, Jul 19: Continuing on a consolidation mode for the fifth consecutive session, Nifty shut shop on a negative note. NSE Nifty shut shop at 5386.45, down 7.45 points and BSE closed at 17,928.42, down 27.40 points.

FMCG, realty, auto, private power and capital goods (barring L&T) companies' shares reeled under selling while NTPC, L&T, HDFC, Reliance Communications, Wipro, Hindalco, HDFC Bank, SBI, Tata Steel, SAIL, M&M, Idea, Kotal Mahindra Bank and HCL Tech enjoyed buying interest.

Other losers in the trade were Reliance Industries, TCS, Sterlite, Infosys, Bharti and ICICI Bank.

4: 32 PM

Indices consolidate; RIL, ITC, DLF under pressure

The benchmarks enter consolidation mode on lack of cues from European markets. At 2: 10 pm, BSE Sensex was trading at 17,971.22, up 15.40 points and NSE Nifty was at 5396.05, up 2.15 points.

While Reliance Industries, ITC, TCS, DLF, Sterlite Industries, Bharti, ABB, Hero Honda, Sun Pharma, Tata Motors, ICICI Bank, BHEL, Reliance Infrastructure, Maruti and Tata Power were reeling under selling pressure, NTPC, L&T, HDFC, Reliance Communications, M&M, HDFC Bank, Hindalco, Power Grid, Kotak Mahindra, Infosys, Wipro, Tata Steel, HUL, Idea and SAIL were supporting the markets.

Shree Global up 17.7 per ce, EIH, Gujarat Flourochem, BF Utilities and Andhra Bank up 4.6 to 6 per cent were midcap gainers, while Gee Kay Finance, State Bank Travancore. Zydus Wellness, Nava Bharat Ventures and Kirloskar Bros dipped 3to 5 per cent.

Among the smallcaps, Tilaknagar Industries, INOX Leisure and Relaxo Footwear gained 11.5 to 14 per cent while Everonn Education, PI Industries, aurionPro Solutions, Parenteral Drug and VST Tillers slipped 4 to 6.7 per cent.

2: 36 PM

Mkts volatile; TCS, Infosys, DLF, ITC dip

After bouncing back to the 5400 mark, Nifty yet again dipped to red in volatile trading. At 12:10 pm, NSE Nifty was at 5390.95, down 2.95 and BSE Sensex was at 17,942.16, down 13.66 points.

The markets were gaining support from the buying in capital goods, telecom, metal, select oil & gas and financial companies' shares while selling continued in TCS, Infosys, DLF, ITC, Sterlite Industries, Sun Pharma, Hero Honda, Tata Motors, ABB, ICICI Bank, Wipro, Reliance Infrastructure, Maruti, Cipla and Unitech capping the gains.

The top gainers were Reliance Communications up 2.19 per cent; HDFC up 1.63 per cet; L&T up 1.08 per cent; HDFC Bank up 0.95 per cent; HUL up 0.73 per cent; GAIL up 2.13 per cent and Kotak Mahindra Bank up 1.22 per cent.

12: 19 PM

Mkts open weak responding to US markets fall

Indian benchmarks opened the day on a negative note on weak global cues. Selling pressure was seen in frontliners like Sterlite, Hindalco, ICICI Bank, Sun Pharma, DLF, Wipro, Infosys, IDFC, L&T and Tata Motors.

At 9:01 am, NSE Nifty was trading at 5374, down 20 points and BSE Sensex was at 17902, down 54 points.

Among the early gainers were Kotak Mahindra Bank, HDFC, PNB, Ambuja Cements, ITC and HUL. Posting brilliant Q1FY11 numbers, Canara Bank shot up 5.5 per cent. JK Lakshmi Cement surged 11 per cent, Alembic gained 7.7 per cent and Geometric Software went up 2.9 per cent.

DCB, Godrej Properties, Everonn Education, and Sesa Goa were the other gainers.

The indices were marginally hit by the 2.5 to 3 per cent fall of US markets on Friday, Jul 17 on disappointing consumer sentiment report and weak earnings.

9: 32 AM

OneIndia News

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