Sensex stays under stress; ITC, RIL down
25/06/2014 11:37
Weighed down by losses in index heavyweights including ITC, Reliance Industries, Bharti Airtel, ICICI Bank, Oil And Natural Gas Corporation Ltd, the domestic bourses stayed under pressure in late morning trade. However, the boarder market continued to hold its ground with moderate gains. Among the individual stocks, Bajaj Auto was trading higher by 2.65 per cent and was the top gainer among Sensex-30. On the sectoral front, Bankex, Capital Goods, Realty, Oil & Gas and FMCG indices were in red while IT, Auto, Consumer Durables and Metal indices were trading in green.
At 11:25 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 25329.67 down by 39.23 points or by 0.15 per cent and then NSE Nifty was at 7575.6 down by 4.6 points or by 0.06 per cent.
However, the broader market was moving above baseline. The BSE MIDCAP was at 9195.22 up by 34.04 points or by 0.37 per cent while the BSE SMLCAP was at 10003.56 up by 25.85 points or by 0.26 per cent.
The market breadth, indicating the overall strength of the market, was positive. On BSE out of total shares traded 2701, shares advanced were 1431 while 1147 shares declined and 123 were unchanged.
The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 332.20,-2.57%), ICICI Bank Ltd. (Rs. 1421.05,-1.22%), Oil And Natural Gas Corporation Ltd. (Rs. 438.00,-1.16%), ITC Ltd. (Rs. 316.80,-1.12%), Reliance Industries Ltd. (Rs. 1049.80,-0.93%), among others.
On the flip side, Bajaj Auto Ltd. (Rs. 2279.45,+2.65%), GAIL (India) Ltd. (Rs. 466.95,+1.59%), Coal India Ltd. (Rs. 397.40,+1.48%), Tata Motors Ltd. (Rs. 446.65,+1.02%), Tata Power Company Ltd. (Rs. 104.70,+0.96%), were among notable gainers on BSE.
Among the thirteen sectoral indices on BSE, oil&gas index was leading the fall and was trading lower at 11430.62 down by 86.21 points or by 0.75 per cent. Petronet LNG Ltd. (Rs. 180.75,-2.95%), Hindustan Petroleum Corporation Ltd. (Rs. 413.00,-1.36%), Oil And Natural Gas Corporation Ltd. (Rs. 438.00,-1.16%), Bharat Petroleum Corporation Ltd. (Rs. 575.70,-1.07%), Reliance Industries Ltd. (Rs. 1049.80,-0.93%), were among the notable losers on BSE.
Following the oil&gas index, BSE_FMCG index was at 6615.32 down by 27.45 points or by 0.41 per cent. ITC Ltd. (Rs. 316.80,-1.12%), Marico Ltd. (Rs. 235.00,-0.34%), Jubilant Foodworks Ltd. (Rs. 1305.00,-0.26%), Dabur India Ltd. (Rs. 185.95,-0.24%), were among the others dragging the market.
25/06/2014 11:37
Weighed down by losses in index heavyweights including ITC, Reliance Industries, Bharti Airtel, ICICI Bank, Oil And Natural Gas Corporation Ltd, the domestic bourses stayed under pressure in late morning trade. However, the boarder market continued to hold its ground with moderate gains. Among the individual stocks, Bajaj Auto was trading higher by 2.65 per cent and was the top gainer among Sensex-30. On the sectoral front, Bankex, Capital Goods, Realty, Oil & Gas and FMCG indices were in red while IT, Auto, Consumer Durables and Metal indices were trading in green.
At 11:25 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 25329.67 down by 39.23 points or by 0.15 per cent and then NSE Nifty was at 7575.6 down by 4.6 points or by 0.06 per cent.
However, the broader market was moving above baseline. The BSE MIDCAP was at 9195.22 up by 34.04 points or by 0.37 per cent while the BSE SMLCAP was at 10003.56 up by 25.85 points or by 0.26 per cent.
The market breadth, indicating the overall strength of the market, was positive. On BSE out of total shares traded 2701, shares advanced were 1431 while 1147 shares declined and 123 were unchanged.
The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 332.20,-2.57%), ICICI Bank Ltd. (Rs. 1421.05,-1.22%), Oil And Natural Gas Corporation Ltd. (Rs. 438.00,-1.16%), ITC Ltd. (Rs. 316.80,-1.12%), Reliance Industries Ltd. (Rs. 1049.80,-0.93%), among others.
On the flip side, Bajaj Auto Ltd. (Rs. 2279.45,+2.65%), GAIL (India) Ltd. (Rs. 466.95,+1.59%), Coal India Ltd. (Rs. 397.40,+1.48%), Tata Motors Ltd. (Rs. 446.65,+1.02%), Tata Power Company Ltd. (Rs. 104.70,+0.96%), were among notable gainers on BSE.
Among the thirteen sectoral indices on BSE, oil&gas index was leading the fall and was trading lower at 11430.62 down by 86.21 points or by 0.75 per cent. Petronet LNG Ltd. (Rs. 180.75,-2.95%), Hindustan Petroleum Corporation Ltd. (Rs. 413.00,-1.36%), Oil And Natural Gas Corporation Ltd. (Rs. 438.00,-1.16%), Bharat Petroleum Corporation Ltd. (Rs. 575.70,-1.07%), Reliance Industries Ltd. (Rs. 1049.80,-0.93%), were among the notable losers on BSE.
Following the oil&gas index, BSE_FMCG index was at 6615.32 down by 27.45 points or by 0.41 per cent. ITC Ltd. (Rs. 316.80,-1.12%), Marico Ltd. (Rs. 235.00,-0.34%), Jubilant Foodworks Ltd. (Rs. 1305.00,-0.26%), Dabur India Ltd. (Rs. 185.95,-0.24%), were among the others dragging the market.
