Indian equity criteria contiued to hover around their previous values after the closure of the staging smart recovery from the lows of the day.
Anil Dhirubhai Ambani Group stocks like Reliance Communications, Reliance Capital and Reliance Infrastructure losses pretty dramatically expanded - plunged 7-9%. BSE 30-share Sensex fell 4.5 points to 16,693.53. Meanwhile, the 50-share NSE Nifty lost 5 points 5,010.20.
PSU oil and gas reserves, such as GAIL and ONGC fell 2-2.5%.
Other major largecaps like SBI, ITC, Hul, TCS and ICICI Bank continued to reel under pressure - fell from 0.7 to 1.3%. BHEL, Wipro, Infosys and HDFC declined slightly.
However, Bharti Airtel rose 2.5%. Reliance Industries and L & T has maintained its upmove with a 1-1.5% increase. HDFC Bank, UPI was 0.6%.
Ranbaxy Labs and Sesa Goa were the biggest gainers on the Nifty - so called 0.027 each.
About 705 shares advanced compared to the NSE 640 stocks fell.Broader indexes were slightly green.
Among midcaps like SREI Infra, KGN Industries, Corp., Delta, GTL, and Bata India surged from 3.5 to 5%. But Ruchi Soya, Shree Global, SKS Microfinance, a whirlpool and Thermax slipped 3-7%.
At 0.448611111111111 hours IST: Nifty back to 5000, RIL, Bharti, L & T win
The market recovered most of its loses in the early morning run to buy the heavyweights Reliance Industries, Bharti Airtel, L & T, which was 1 to 1.7%.
50-share NSE Nifty got back more than 5000 characters, trading house is 5,014.70. Meanwhile, the BSE 30-share Sensex received 10.64 points at 16,708.71.
Wipro, Bajaj Auto, Ranbaxy Labs, Ambuja Cements, ACC and other gainers were Jaiprakash Associates - all of these stocks have 1-2%.
However, a consistent sell-off in major largecaps like ONGC, SBI, NTPC, ITC, HUL and BHEL have limited upside - the stock fell 1.2%. TCS and ICICI Bank fell 0.5%.
Anil Dhirubhai Ambani Group stocks completely killed the CBI, said Anil Ambani remains under investigation. Reliance Power, Reliance Communications, Reliance Infrastructure and Reliance Capital plunged 4-7%.
Even the market breadth has improved, with approximately 755 shares became 542 shares declined on NSE.
10:19 hours IST: Sensex loses 100 points, Bharti, L & T to buck the trend
Indian shares were trading lower, although they showed some recovery in the days low. The recovery was led by heavyweight Reliance Industries - it was flat. Bharti Airtel, L & T to support over 1% upmove.
BSE 30-share Sensex fell by 134 over the 50-share NSE 16,563.69 and the Nifty fell 42 points of 4,973.55.
Extent of the market has gone down over the past nine months, said CEO sangeeta Purushottam Nine Rivers Capital. He expects Nifty to grind lower over the next few months as well. "We can not completely exclude the price of the damage. There is a slow grinding price losses in the last nine months. This could very well continue for another couple of months," he added.
Purushottam said global markets and the domestic Indian market move determine the macros. He does not see international issues get resolved any time soon.
Sell-off continued in the FMCG, ADAG, power steering, select technology and bank stocks. ONGC was the leading Draggers - the stock fell 1.6%.
Largecaps like TCS, SBI, NTPC, Infosys, ITC, ICICI Bank, BHEL and HUL fell 1% to 2%.
Anil Dhirubhai Ambani Group stocks like Reliance Power, Reliance Communications, Reliance Capital and Reliance Infrastructure lost 5-8% as the CBI, said Anil Ambani remains under investigation.
About 639 shares advanced compared to the National Stock Exchange, 601 shares declined.
At 09.20 hours IST: 1% Sensex falls weak Asian cues; ADAG Crumbles
India was part of the criteria of fairness in its earnings yesterday, opened 1% lower than the weak Asian cues. The market ignored positive economic news in the United States and Europe - which in the end a consensus was stronger euro bailout fund - to support the stock indices and the euro.
Commenting on the lukewarm reaction of the market, Mark Mobius, Executive Chairman of Templeton Emerging Markets, said: "Passing the German Parliament, the ruling is just one step. Implementation is the next step and, of course, that will take time," he believed.
But he acknowledged that a nod to the German Financial Stability Facility (EFSF), EU enlargement is the right step to solve the crisis.
BSE 30-share Sensex lost 194 points, and 50-16503 NSE Nifty lost 60 points in the stock, the 4955th
2G scam line: Anil Dhirubhai Ambani Group All stocks were under selling pressure from highly. Reliance Capital, Reliance Communications, Reliance Power and Reliance Infrastructure plunged 5-7%.
Anil Ambani said the CBI remains under investigation. It also said that they searched the Swan stake sale by Reliance ADA Delphi.Swan stake sale by Reliance ADA Delphi prices are undervalued.
Among other largecaps, DLF, sail, Tata Steel, SBI, ICICI Bank, TCS, ONGC, Hul, Jaiprakash Associates and Axis Bank were witnessing selling pressure.
However, Sesa Goa, Ranbaxy Labs, HCL Tech and Wipro experience.
CNX Midcap fell 21 points, the 7097th
Educomp Learning and Zee was up 2%.
Dish TV and Videocon Industries rose 1.5-2%. Koutons buzz reached 4% of debt restructuring.
However, Kingfisher Airlines, Hexaware (stock concentration of 16% over the last three days) and Sun TV fell by 1%.
Global cues
Asian markets were trading lower. Shanghai and Hang Seng fell 0.5% to 2%. Straits Times and the KOSPI fell 1%. But the Nikkei rose 0.25%.
Artiles Source:- http://www.moneycontrol.com/news/local-markets/sensex-flatseesaw-trade-adag-stocks-crash_592472.html
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