Mumbai, Jan 29: Indian stock markets ended lower due to extreme volatility on the day of settlement of Jan series. The Nifty even broke 2800 mark, but before closing bounced back.
The 30-share BSE Sensex slipped 21.19 points or 0.23%, to close at 9,236.28, after hitting an intraday high of 9,379.68 and low of 9,164.96. The 50-share NSE Nifty has touched a low of 2795.35, before closing the day at 2823.95, down 0.9% or 25.55 points.
&13;On the one side, capital goods, telecom, oil & gas exploration stocks as well as Wipro, NTPC, SBI, SAIL, Ambuja Cements were draggers while on the other side, auto stocks, Infosys, TCS, HDFC, HDFC Bank, Reliance Power and Tata Power were being supportive.
04:00 PM
&13;Markets volatile; banking, auto leading
&13;The Sensex declined 11 points at 9,246 and the Nifty fell 24 points at 2, 825. BSE Midcap and Small Cap indices are flat. The indices are trading choppy. Reliance Industries, SAIL, Wipro, DLF, Power Grid, NTPC, BHEL are witnessing severe selling pressure. But auto and banking stocks as well as ONGC, Infosys, L&T, Reliance Power, Tata Steel and Hindalco are trying to support the markets to remain steady.
The inflation results did not create much impact on the markets. Inflation for the week-ended Jan 17 has increased to 5.64 per cent as against 5.60 per cent.
02:00 PM
&13;Markets choppy; Buying seen in banking, realty
&13;The BSE Sensex went up 37 points to 9,294 while the NSE Nifty slipped 8.75 points at 2,840. However, BSE Midcap and Small cap indices went up 0.5 per cent each.
The indices are witnessing high volatility, NTPC, Reliance Industries, Bharti, BHEL, SAIL, Wipro, TCS, Ranbaxy, Idea, Siemens, Sterlite and Cipla are under pressure. On the other side, buying is seen in banking, realty, auto, select metal, power stocks as well as in ONGC and Infosys.
12:00 PM
&13;Markets trading higher; Reliance Power leads
&13;The markets open green but the benchmark indices are trading with volatility. At 9:56 am, the Sensex went up 55 points at 9,313 and Nifty rose 5 points at 2,855. CNX Midcap gained 28 points at 3,378.
The toppers of morning trade are Reliance Power, SBI, Zee Entertainment, Tata Motors, ICICI Bank, L&T, Tata Steel, DLF, Unitech, Nalco, Reliance Communication, HDFC, Tata Communication and Suzlon. Meanwhile Bharti Airtel, GAIL, Wipro, NTPC< ONGC, BPCL were major losers, BPCL was affected by the slash in fuel prices.
The Asian markets opened after Lunar new year is also trading higher. Hang Seng surged nearly 6 pc. While Kospi and Nikkei rose 0.8-1.15 pc. Shanghai and Taiwan markets will remain close.
To resue and fight the slowdown, the US house of representative on Wednesday, Jan 28 passed the $819 billion economic package in 244-188 vote. The US Senate will take the bill next week. But there was no impact in the markets as the economic package new came post US markets closed.
&13;OneIndia News (With inputs from Agencies)
The 30-share BSE Sensex slipped 21.19 points or 0.23%, to close at 9,236.28, after hitting an intraday high of 9,379.68 and low of 9,164.96. The 50-share NSE Nifty has touched a low of 2795.35, before closing the day at 2823.95, down 0.9% or 25.55 points.
&13;On the one side, capital goods, telecom, oil & gas exploration stocks as well as Wipro, NTPC, SBI, SAIL, Ambuja Cements were draggers while on the other side, auto stocks, Infosys, TCS, HDFC, HDFC Bank, Reliance Power and Tata Power were being supportive.
04:00 PM
&13;Markets volatile; banking, auto leading
&13;The Sensex declined 11 points at 9,246 and the Nifty fell 24 points at 2, 825. BSE Midcap and Small Cap indices are flat. The indices are trading choppy. Reliance Industries, SAIL, Wipro, DLF, Power Grid, NTPC, BHEL are witnessing severe selling pressure. But auto and banking stocks as well as ONGC, Infosys, L&T, Reliance Power, Tata Steel and Hindalco are trying to support the markets to remain steady.
The inflation results did not create much impact on the markets. Inflation for the week-ended Jan 17 has increased to 5.64 per cent as against 5.60 per cent.
02:00 PM
&13;Markets choppy; Buying seen in banking, realty
&13;The BSE Sensex went up 37 points to 9,294 while the NSE Nifty slipped 8.75 points at 2,840. However, BSE Midcap and Small cap indices went up 0.5 per cent each.
The indices are witnessing high volatility, NTPC, Reliance Industries, Bharti, BHEL, SAIL, Wipro, TCS, Ranbaxy, Idea, Siemens, Sterlite and Cipla are under pressure. On the other side, buying is seen in banking, realty, auto, select metal, power stocks as well as in ONGC and Infosys.
12:00 PM
&13;Markets trading higher; Reliance Power leads
&13;The markets open green but the benchmark indices are trading with volatility. At 9:56 am, the Sensex went up 55 points at 9,313 and Nifty rose 5 points at 2,855. CNX Midcap gained 28 points at 3,378.
The toppers of morning trade are Reliance Power, SBI, Zee Entertainment, Tata Motors, ICICI Bank, L&T, Tata Steel, DLF, Unitech, Nalco, Reliance Communication, HDFC, Tata Communication and Suzlon. Meanwhile Bharti Airtel, GAIL, Wipro, NTPC< ONGC, BPCL were major losers, BPCL was affected by the slash in fuel prices.
The Asian markets opened after Lunar new year is also trading higher. Hang Seng surged nearly 6 pc. While Kospi and Nikkei rose 0.8-1.15 pc. Shanghai and Taiwan markets will remain close.
To resue and fight the slowdown, the US house of representative on Wednesday, Jan 28 passed the $819 billion economic package in 244-188 vote. The US Senate will take the bill next week. But there was no impact in the markets as the economic package new came post US markets closed.
&13;OneIndia News (With inputs from Agencies)
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