Sensex holds nerves; ICICI Bank, ONGC up
28/08/2014 14:29
Driven by gains in index heavyweights ICICI Bank, ONGC, L&T and HDFC, the Indian benchmark index Sensex were trading with steady gains on the last day of August series expiry in the derivatives segment. However, the broader market lost its ground and slipped in red, barring smallcap stocks. Stocks of PSU banks were under pressure after the Mumbai Economic Offences Wing on Thursday unearthed a largescale banking racket amounting to Rs 1000 crore.
At 14:20 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26610.41 up by 50.26 points or by 0.19 per cent and the NSE Nifty was at 7960 up by 23.95 points or by 0.3 per cent.
However, the broader market moved in the negative terrain. The BSE MIDCAP was at 9297.49 down by 29.1 points or by 0.31 per cent, while the BSE SMLCAP was at 10271.72 up by 17.85 points or by 0.17 per cent.
The Market breadth, indicating the overall strength of the market, was positive. On BSE out of total shares traded 3042, shares advanced were 1344 while 1567 shares declined and 131 were unchanged.
The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 437.00,+2.16%), Bharat Heavy Electricals Ltd. (Rs. 233.70,+1.96%), GAIL (India) Ltd. (Rs. 443.35,+1.86%), Hero MotoCorp Ltd. (Rs. 2650.95,+1.77%), Wipro Ltd. (Rs. 566.75,+1.63%), among others. On the flip side, NTPC Ltd. (Rs. 137.45,-1.36%), Tata Power Company Ltd. (Rs. 87.50,-1.30%), State Bank of India (Rs. 2474.25,-1.15%), Axis Bank Ltd. (Rs. 394.55,-1.03%), Tata Steel Ltd. (Rs. 517.50,-1.02%), were among notable losers on BSE.
28/08/2014 14:29
Driven by gains in index heavyweights ICICI Bank, ONGC, L&T and HDFC, the Indian benchmark index Sensex were trading with steady gains on the last day of August series expiry in the derivatives segment. However, the broader market lost its ground and slipped in red, barring smallcap stocks. Stocks of PSU banks were under pressure after the Mumbai Economic Offences Wing on Thursday unearthed a largescale banking racket amounting to Rs 1000 crore.
At 14:20 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26610.41 up by 50.26 points or by 0.19 per cent and the NSE Nifty was at 7960 up by 23.95 points or by 0.3 per cent.
However, the broader market moved in the negative terrain. The BSE MIDCAP was at 9297.49 down by 29.1 points or by 0.31 per cent, while the BSE SMLCAP was at 10271.72 up by 17.85 points or by 0.17 per cent.
The Market breadth, indicating the overall strength of the market, was positive. On BSE out of total shares traded 3042, shares advanced were 1344 while 1567 shares declined and 131 were unchanged.
The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 437.00,+2.16%), Bharat Heavy Electricals Ltd. (Rs. 233.70,+1.96%), GAIL (India) Ltd. (Rs. 443.35,+1.86%), Hero MotoCorp Ltd. (Rs. 2650.95,+1.77%), Wipro Ltd. (Rs. 566.75,+1.63%), among others. On the flip side, NTPC Ltd. (Rs. 137.45,-1.36%), Tata Power Company Ltd. (Rs. 87.50,-1.30%), State Bank of India (Rs. 2474.25,-1.15%), Axis Bank Ltd. (Rs. 394.55,-1.03%), Tata Steel Ltd. (Rs. 517.50,-1.02%), were among notable losers on BSE.
