Nifty closes above 190 points

Posted By: Samyuktha
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Mumbai, Oct 14:With the support of profit booking in major sectors like infrastructure, financial, telecom and oil & gas, NSE Nifty closed above 190 points on Oct 14.

The 50-share NSE Nifty closed at 6177, down 56 points and the 30-share BSE Sensex was at 20497, down 190 points.

Sesa Goa, Tata Steel, Wipro, Infosys were among the top gainers with 4.39 percent, 2.30 percent, 1.46 percent, 1.03 percent up respectively.

BPCL, Reliance Comm, Larsen, NTPC were among the top losers with 4.96 percent, 3.47 percent, 3.18 percent, 2.64 percent down respectively.
5:15 PM

Mkts dip further on profit booking

On profit booking, Nifty is consolidating at the 6200 level while Sensex dipped upto 100 points. At 2: 14 pm, BSE Sensex was trading at 20581, down 106 points and NSE Nifty was at 6198, down 35 points.

Profit booking was seen in capital goods, telecom, financial, power, healthcare, oil & gas and select auto companies' shares wighing on the benchmarks. The broader indices also followed the suit.

Among the top losers were, BPCL down 4.14 per cent; L&T down 3.18 per cent; Reliance Communications down 2.59 per cent; NTPC down 2.52 per cent; Power Grid Corp down 2.37 per cent; Reliance Infrastructure down 1.79 per cent and ICICI Bank dipped 1.62 per cent.

On the positive side, technology continued to support markets. Infosys (ahead of numbers on Friday, Oct 15) and Wipro gained 1 per cent each.

Among the other gainers were Tata Steel, Sesa Goa, ITC and Tata Motors.
2:42 PM

Mkts volatile; profit booking hits uptrend

After surging to 30-month highs, the Indian indices have suffered a dip on profit booking. At 11:30, BSE Sensex was trading at 20656, down 31 points and NSE Nifty was at 6223, down 10 points.

However, at 12: 40 pm, Sensex recovered marginally while Nifty was still in the red. BSE Sensex was at 20,700.70, up just 12.82, NSE Nifty was at 6233.25, down 0.65.

Amid volatile trading, profit booking was seen in capital goods, financial, power and oil & gas companies' shares.

On the positive side, the benchmarks indices were gaining support from technology sector ahead of quarterly numbers.
12:39 PM

Mkts open green on buying in IT, metal shares

Opening the day in green, Nifty is continuing its journey towards new heights on support from technology, metal and select financial companies' shares, which were witnessing buying interest.

At 9:01 am, NSE Nifty was trading at 6257, up 23 points and BSE Sensex was at 20765, up 78 points.

However, Nifty's uptrend was slowed by profit booking at higher levels.

The early gainers were Jaiprakash Associates, Dr Reddys Labs, Ambuja Cements, HCL Tech, Axis Bank, Infosys, TCS, Tata Motors, Wipro, SAIL, Sesa Goa, Tata Steel and JSPL.

On the negative note, ACC, Maruti and Cairn India were reeling under pressure.
9:23 AM

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