Sensex remains volatile; Nifty dips 31 pts

Mumbai, Nov 12: Sensex turned choppy with negative bias. Banking & financial, metal and realty stocks continued to be under pressure.



At 13:26 pm ,Sensex sliped 90 points at 16,759 while Nifty declined 31 points to 4,972.

In the largecaps space, ICICI Bank, Tata Steel, DLF, SBI, Jaiprakash Associates, Unitech and Reliance Capital declined 2-4pc.

Reliance Communication recovered and became a gainer among the largecaps along with TCS, Sun Pharma, Wipro, Bharti Airtel, Idea Cellular, Suzlon Energy and TCS shot up 1 to 4pc.

Top percentage gainers were Borax Morarji up 20pc, McDowell Holdings rose 16.5pc, Indage Vintners, SPICE, Shree Precoated, Shoppers Stop, JMT Auto, Spice Communication and Kavveri Telecom each gained 10 to 15pc.

The top percentage losers were Info Drive Soft, Shree Pacetroni, Sarda Plywood, Gokak Textiles, Rajendra Mech, Jumbo Bag, Shreyas Shipping, Shrenuj & Company, Greaves Cotton and HMT slipped 5 to 10 pc each.

Indiabulls Real, DLF, Reliance Industries, Tata Steel, HDIL and Educomp Solution were the most active shares on the bourses.

The most active business was seen in the sugar industies with Shree Renuka Sugar gaining 5.65pc after the company Brazil-based company VDI.

Andhra Sugar, Upper Ganges, Bajaj Hindusthan, Balrampur Chini, Bannariamman, Dhampur Sugar, Dharani Sugars, Dwarikesh Sugar, KCP Sugar, Mawana Sugars, Oudh Sugar Mill, Ponni Sugars (E), Rajshree Sugars and Simbhaoli Sugar each gained 0.7 to 2.6 pc each.
2:29 PM

Sensex down 50 pts, Reliance Industries dips

Sensex traded marginally lower following consolidation among traders after 400 points rally on Sensex and 100 points on Nifty on Wednesday, Nov 11.

Reliance Industries which was the gainer in early trade at 9:58 am joined banking & financial, metal and select power stocks in being under pressure.

However the losses were capped by buying in technology, telecom, capital goods, auto, cement and FMCG stocks.

The broader indices too showed no trend.

At 11:05 am, Sensex slipped 50 points at 16,798 and the Nifty lost 19 points at 4,984.

The gainers in the largecap space were Idea Cellular, Reliance Communications, Bharti Airtel, Suzlon Energy and Sun Pharma up 2 to 3.5 pc each and both Grasim and Tata Power shot up 1 pc.

The losers in the largecapspace were Tata Steel, Unitech, Jaiprakash Associates, Reliance Capital, Sterlite Industries, SBI and Reliance Infrastructure facing 1.7 to 3pc dip.

Among midcaps, Spice Communication was up 11pc. Kirloskar Oil, Jai Corp, Thomas Cook and Kirloskar Brothers shot 5 to 8pc while HMT, REI Six Ten, Marico, Nationan Fertilisers and AstraZeneca plummeted 3.5 to 5pc.

In the smallcap space, Sunflag Iron, MSP Steel, Shree Ram Urban, Aditya Birla and Zodiac Clothing rose 6 to 10.5pc.
However,Greaves Cotton, Shrenuj & Company, ITI, SRF and Rico Auto fell 4 to 7pc.
12:53 PM

Nifty starts on a flat note

After Wednesday, Nov 11, 400 points rally Nifty started on a flat note. Metals, banking and infrastructure stocks were under pressure but telecome stocks fared better.

At 9:58 am, Nifty was up 4 points at 5,008 and Sensex rose 23 points at 16,873.

Tata Steel, which exchange offer of new FCCB for $875 million CARS Programme slipped 3pc.

The losers in the early trade were Unitech, Jaiprakash Associates, Power Grid, Hindalco, Axis Bank, HDFC, PNB, Reliance Infrastructure, DLF, Reliance Industries, SAIL, Jindal Steel & Power and Cairn.

The gainers were Bharti Airtel, Idea Cellular and Reliance Communications with 1 to 1.5pc gain each. Infosys, Suzlon Energy, Maruti Suzuki, TCS and ITC too were the other gainers in the early trade.

In BSE, Indiabulls Real Estate was flat. 8pc equity of India Bulls Real estate were traded.

In the midcap space Golden Tobacco was locked at 5pc upper circuit. Eastern Silk was up 9 pc, IDBI Bank, United Breweries Holdings and Shree Renuka Sugars gained 2 to 3pc each.

However, ITI, HMT and Educomp slipped 2.5 to 4pc.

In the Asian market, Straits Times, Kospi and Hang Seng were trading in red.

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