Markets end on flat notes; Sensex loses 40 pts

Business

oi-Nairita Das

By Nairita Das

Published: Monday, March 21, 2011, 16:27 [IST]

Mumbai, Mar 21: The 30-share BSE Sensex fell 40 points, to close at 17,839. Dhiraj Agarwal, Director, Institutional Equities at Standard Chartered Capital Markets too said the short-term was very range bound.

Sun Pharma, SAIL, Jindal Steel and Mah and Mah, who among the top gainers, were at 2.25 percent, 2.11 percent, 1.92 percent and 1.58 percent up respectively.

Ranbaxy Labs, Hindalco, Ambuja Cements and Hero Honda, who among the top losers, were at 7.00 percent, 3.10 percent, 2.68 percent and 2.66 percent down respectively.
4:31 PM

Sensex 8.86 pts up; Nifty 9.05

At 1:29 pm, the Sensex is up 8.86 points or 0.05 percent at 17887.67, and the Nifty up 9.05 points or 0.17 percent at 5382.75.

Top gainers on the Sensex were Jindal Steel at Rs 658.20 up 1.29 percent, Tata Steel at Rs 603.40 up 1.19 percent, Sterlite Ind at Rs 160 up 1.14 percent, HDFC at Rs 627.50 up 1.05 percent and M&M at Rs 639.40 up 1.02 percent.

Refinery major HPCL was trading at Rs 337.20 up 1.86 percent from its previous close of Rs 331.05.

Top losers on the Sensex were Hindalco at Rs 193.00 down 2.15 percent, Cipla at Rs 289.50 down 1.46 percent, Maruti Suzuki at Rs 1,147.50 down 0.93 percent, Reliance Comm at Rs 103.60 down 0.86 percent and Infosys at Rs 2,917.20 down 0.83 percent.
2:17 PM

Sensex gains 76 pts amid volatility

At 1:12 pm, the 30-share BSE Sensex gained 76 points at 17,955 and the 50-share NSE Nifty went up 25 points to 5,397, supported by oil & gas, financial, capital goods and steel companies' shares.

Jindal Steel, M&M, HDFC, Tata Steel, Sterlite Industries, Sun Pharma, SAIL and Dr Reddy's Labs were top gainers, moving up 1-2 percent.

However, Ranbaxy Labs was the top loser with 4.6 percent loss as Mylan is seeking to block Lipitor generic in US. Lipitor was estimated to add USD 500-600 million to Ranbaxy's sales.

Infosys, TCS, HUL, NTPC, Reliance Communications, Cipla, Maruti, Hindalco, PNB and Reliance Capital were other losers in trade.
1:22 PM

Markets begin with losses amid volatility

Following heavy sells in shares of heavyweights like oil & gas, technology, Anil Dhirubhai Ambani Group (ADAG), banks, NSE Nifty started trading on Monday, Mar 21 with moderate losses amid volatility.

At 10:55 am, the 30-share BSE Sensex was trading at 17,820, down 58 points and the 50-share NSE Nifty fell 17 points to 5,356. The broader indices too were quite volatile.

However, steel, capital goods and select auto companies' shares were supporting the markets to cut down losses. HDFC, HDFC Bank and Sun Pharma were too on buyers' radar.

Among frontliners, Jindal Steel, HDFC, Sterlite Industries, Tata Motors, Tata Steel, Sun Pharma, Suzlon Energy, Cairn India and Dr Reddy's Labs gained 0.5-1 percent.

However, Hindalco, Reliance Communications, Tata Power, Infosys, Maruti Suzuki, Sesa Goa and Reliance Power slipped 1-3 percent.
11:25 AM

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