Market dipped in red after swinging between the positive and negative terrain in mid-morning intraday trade, another volatile session as market participant’s appetite for risk dwindled. The market gained some momentum in early trade on revival of monsoon rains. Selling in index pivotals led by IT, Consumer Durables and FMCG dragged the bourses.
On the sectoral front, out of 13 Indices, 2 indices advanced whereas 11 indices declined. IT stocks fell on profit taking after recent strong gains lingered by hopes of a recovery in US economy. FMCG stocks slipped on concerns deficient monsoon rains may crimp rural sales. Realty stocks gained on reports demand picking up for residential projects in major cities on lower home loan rates, slashed property prices by developers and slight recovery in the job market. Telecom stocks advanced as government yesterday fixed Rs. 3,500 crore as a base price for 3-G spectrum.
The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,728 stocks traded so far, 1,213 shares advanced while 1,430 shares declined. Nearly 85 shares are unchanged.
At 1.25PM, the BSE Sensex is trading lower by 60.64 points at 15,720.42 whereas NSE Nifty is down by 17.84 points at 4,670.35.
The BSE Mid Cap is trading lower by 5.72 points at 5,816.78 and Small cap is trading down by 3.48 points at 6,903.58.
Major gainers from the BSE Sensex pack are Bharti Airtel by 3.00% to Rs. 429.00, DLF Ltd by 2.59% to Rs. 402.50, ACC Ltd by 1.44% to Rs. 808.50, Hindalco Industries Ltd by 1.42% to Rs. 107.50, Jaiprakash Associates Ltd by 1.23% to Rs. 221.95, State Bank of India Ltd by 1.09% to Rs. 1,773.30, Reliance Infra Ltd by 1.04% to Rs. 1,152.10, ICICI Bank Ltd by 0.61% to Rs. 755.40 and Tata Motors Ltd by 0.49% to Rs. 488.35.
Major losers from the BSE Sensex Pack are TCS Ltd plunged 2.18% to Rs. 532.75, Tata Power Ltd 2.12% to Rs. 1,328.30, Sun Pharmaceuticals Ltd 1.87% to Rs. 1,193.25, Wipro Ltd 1.81% to Rs. 558.15, Infosys Technologies Ltd by 1.77% to Rs. 2,151.10 and ITC Ltd by 1.73% to Rs. 235.65.
The BSE Realty is higher by 22.15 points or 0.54% at 4,154.34. Stocks inclined include Mahindralife Ltd 3.15% to Rs. 374.70, Ackruti Ltd 2.79% to Rs. 526.80, DLF by 2.59% to Rs. 402.50, Omaxe Ltd by 1.58% to Rs. 115.80 and Unitech Ltd 0.91% to Rs. 94.60 among others.
KEC International Ltd zoomed 8.13% to Rs. 530.00 after it won fresh orders worth Rs. 780 crore from domestic as well as international firms.
Bank of Baroda Ltd gained 1.08% to Rs. 426.50 after a block deal of three lakh shares was executed on NSE at Rs. 424 per share.
JB Chemicals & Pharmaceuticals Ltd soared 0.68% to Rs. 51.85 after the company got approval from US drug regulator for a generic drug.
Astra Microwave Products Ltd jumped 4.37% to Rs. 82.45 after it won an order worth Rs. 81.28 crore to design, develop, install and commission Radar sub-systems for an entity of the defense department.
McNally Bharat Engineering Company Ltd plunged 4.98% to Rs. 192.55 even the company won an order worth Rs. 24.69 crore
CESC Ltd spurted 7.51% to Rs. 383.15 after it acquired a stake in Dhariwal Infrastructure, which is setting up a 600 megawatts thermal power generating station in Chandrapur, Maharashtra.
Thermax Ltd zoomed 6.33% to Rs. 464.45 after it received an order worth Rs. 255 crore for supply of combustion boilers.
On the sectoral front, out of 13 Indices, 2 indices advanced whereas 11 indices declined. IT stocks fell on profit taking after recent strong gains lingered by hopes of a recovery in US economy. FMCG stocks slipped on concerns deficient monsoon rains may crimp rural sales. Realty stocks gained on reports demand picking up for residential projects in major cities on lower home loan rates, slashed property prices by developers and slight recovery in the job market. Telecom stocks advanced as government yesterday fixed Rs. 3,500 crore as a base price for 3-G spectrum.
The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,728 stocks traded so far, 1,213 shares advanced while 1,430 shares declined. Nearly 85 shares are unchanged.
At 1.25PM, the BSE Sensex is trading lower by 60.64 points at 15,720.42 whereas NSE Nifty is down by 17.84 points at 4,670.35.
The BSE Mid Cap is trading lower by 5.72 points at 5,816.78 and Small cap is trading down by 3.48 points at 6,903.58.
Major gainers from the BSE Sensex pack are Bharti Airtel by 3.00% to Rs. 429.00, DLF Ltd by 2.59% to Rs. 402.50, ACC Ltd by 1.44% to Rs. 808.50, Hindalco Industries Ltd by 1.42% to Rs. 107.50, Jaiprakash Associates Ltd by 1.23% to Rs. 221.95, State Bank of India Ltd by 1.09% to Rs. 1,773.30, Reliance Infra Ltd by 1.04% to Rs. 1,152.10, ICICI Bank Ltd by 0.61% to Rs. 755.40 and Tata Motors Ltd by 0.49% to Rs. 488.35.
Major losers from the BSE Sensex Pack are TCS Ltd plunged 2.18% to Rs. 532.75, Tata Power Ltd 2.12% to Rs. 1,328.30, Sun Pharmaceuticals Ltd 1.87% to Rs. 1,193.25, Wipro Ltd 1.81% to Rs. 558.15, Infosys Technologies Ltd by 1.77% to Rs. 2,151.10 and ITC Ltd by 1.73% to Rs. 235.65.
The BSE Realty is higher by 22.15 points or 0.54% at 4,154.34. Stocks inclined include Mahindralife Ltd 3.15% to Rs. 374.70, Ackruti Ltd 2.79% to Rs. 526.80, DLF by 2.59% to Rs. 402.50, Omaxe Ltd by 1.58% to Rs. 115.80 and Unitech Ltd 0.91% to Rs. 94.60 among others.
KEC International Ltd zoomed 8.13% to Rs. 530.00 after it won fresh orders worth Rs. 780 crore from domestic as well as international firms.
Bank of Baroda Ltd gained 1.08% to Rs. 426.50 after a block deal of three lakh shares was executed on NSE at Rs. 424 per share.
JB Chemicals & Pharmaceuticals Ltd soared 0.68% to Rs. 51.85 after the company got approval from US drug regulator for a generic drug.
Astra Microwave Products Ltd jumped 4.37% to Rs. 82.45 after it won an order worth Rs. 81.28 crore to design, develop, install and commission Radar sub-systems for an entity of the defense department.
McNally Bharat Engineering Company Ltd plunged 4.98% to Rs. 192.55 even the company won an order worth Rs. 24.69 crore
CESC Ltd spurted 7.51% to Rs. 383.15 after it acquired a stake in Dhariwal Infrastructure, which is setting up a 600 megawatts thermal power generating station in Chandrapur, Maharashtra.
Thermax Ltd zoomed 6.33% to Rs. 464.45 after it received an order worth Rs. 255 crore for supply of combustion boilers.
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