Post Market: Market ends the day on a lackluster note
19/06/2014 16:35
Plagued by global concerns and monsoon woes, the Indian benchmark equity indices have turned listless ending the day on a muted note. At closing, BSE SENSEX was at 25201.8 down by 44.45 points or by 0.18 per cent and then NSE Nifty was at 7540.7 down by 17.5 points or by 0.23 per cent. The BSE MIDCAP was at 8997.35 down by 37.9 points or by 0.42 per cent while the BSE SMLCAP was at 9842.98 down by 30.66 points or by 0.31 per cent. The BSE Sensex touched intraday high of 25425.85 and intraday low of 25069.66 The NSE Nifty touched intraday high of 7606.45 and intraday low of 7502.55.
Most hurt in today’s trade were the Oil & Gas companies dragging the index by over 3 %. IT stocks and auto stocks were firm. IT stocks rejoiced over the news that the US government is set to dole out contracts worth USD 1.4 billion dollars and Infosys may be a frontrunner to get a USD 400 million deal. IT bellwether Infosys is assumed to be the biggest beneficiary of the deal; the stock gained 2.09% in today’s trade. Meanwhile the Department of Telecommunications is all set to roll out a National Broadband Policy within 100 days that would treat high-speed Internet access a basic right like education and health.
The top losers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 420.45,-5.13%), Maruti Suzuki India Ltd. (Rs. 2378.50,-2.48%), Reliance Industries Ltd. (Rs. 1041.40,-2.38%), Coal India Ltd. (Rs. 386.40,-1.94%), GAIL (India) Ltd. (Rs. 442.70,-1.88%), among others.
The top losers of the NSE Nifty pack were United Spirits Ltd. (Rs. 2601.20,-7.18%), Oil And Natural Gas Corporation Ltd. (Rs. 420.75,-4.96%), Bharat Petroleum Corporation Ltd. (Rs. 564.45,-4.61%), Kotak Mahindra Bank Ltd. (Rs. 923.65,-3.81%), Reliance Industries Ltd. (Rs. 1042.10,-2.31%), among others.
19/06/2014 16:35
Plagued by global concerns and monsoon woes, the Indian benchmark equity indices have turned listless ending the day on a muted note. At closing, BSE SENSEX was at 25201.8 down by 44.45 points or by 0.18 per cent and then NSE Nifty was at 7540.7 down by 17.5 points or by 0.23 per cent. The BSE MIDCAP was at 8997.35 down by 37.9 points or by 0.42 per cent while the BSE SMLCAP was at 9842.98 down by 30.66 points or by 0.31 per cent. The BSE Sensex touched intraday high of 25425.85 and intraday low of 25069.66 The NSE Nifty touched intraday high of 7606.45 and intraday low of 7502.55.
Most hurt in today’s trade were the Oil & Gas companies dragging the index by over 3 %. IT stocks and auto stocks were firm. IT stocks rejoiced over the news that the US government is set to dole out contracts worth USD 1.4 billion dollars and Infosys may be a frontrunner to get a USD 400 million deal. IT bellwether Infosys is assumed to be the biggest beneficiary of the deal; the stock gained 2.09% in today’s trade. Meanwhile the Department of Telecommunications is all set to roll out a National Broadband Policy within 100 days that would treat high-speed Internet access a basic right like education and health.
The top losers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 420.45,-5.13%), Maruti Suzuki India Ltd. (Rs. 2378.50,-2.48%), Reliance Industries Ltd. (Rs. 1041.40,-2.38%), Coal India Ltd. (Rs. 386.40,-1.94%), GAIL (India) Ltd. (Rs. 442.70,-1.88%), among others.
The top losers of the NSE Nifty pack were United Spirits Ltd. (Rs. 2601.20,-7.18%), Oil And Natural Gas Corporation Ltd. (Rs. 420.75,-4.96%), Bharat Petroleum Corporation Ltd. (Rs. 564.45,-4.61%), Kotak Mahindra Bank Ltd. (Rs. 923.65,-3.81%), Reliance Industries Ltd. (Rs. 1042.10,-2.31%), among others.
The Market breadth, indicating the
overall strength of the market, was weak. On BSE out of total shares traded
3207, shares advanced were 1470 while 1635 shares declined and 102 were
unchanged.
Asian stocks tumbled with the early gains marred by worries on Iraq's oil infrastructure persisting and Chinese shares falling sharply on concerns about falling liquidity, the Fed's dovish message failed to act as a big sentiment booster, except in Australia and Japan.
Japanese shares hit a 4-1/2-month high as the Fed signaled it will keep short-term interest rates steady until the middle of next year. The benchmark Nikkei average climbed 1.62 percent to 15,361.16, its highest level since January 29.
Chinese shares tumbled, with the benchmark Shanghai Composite falling 1.55 percent to post its biggest single-day loss in seven weeks, as liquidity worries resurfaced. Hong Kong's Hang Seng Index edged down 0.06 percent to 23,167.73, extending declines for the fourth consecutive session, as mainland property developers extended Wednesday's losses following soft housing data.
Asian stocks tumbled with the early gains marred by worries on Iraq's oil infrastructure persisting and Chinese shares falling sharply on concerns about falling liquidity, the Fed's dovish message failed to act as a big sentiment booster, except in Australia and Japan.
Japanese shares hit a 4-1/2-month high as the Fed signaled it will keep short-term interest rates steady until the middle of next year. The benchmark Nikkei average climbed 1.62 percent to 15,361.16, its highest level since January 29.
Chinese shares tumbled, with the benchmark Shanghai Composite falling 1.55 percent to post its biggest single-day loss in seven weeks, as liquidity worries resurfaced. Hong Kong's Hang Seng Index edged down 0.06 percent to 23,167.73, extending declines for the fourth consecutive session, as mainland property developers extended Wednesday's losses following soft housing data.
