Depreciating rupee pulled Sensex and Nifty. Sensex closed 37.66 points lower

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Depreciating rupee pulled Sensex and Nifty.
After gaining over 300 points in the morning session, the Sensex lost its momentum in the late afternoon and fell hard. Towards the end it recovered some of its losses but at the end the index closed 37.66 points below yesterday's closing.

This fall was on account of realization that the European economy is not doing too great, as Indian Rupee started falling, the stock market in India fell.

Meanwhile, Nifty closed 5.85 points lower or 0.12% low at 4,940.95. The biggest gainer was Cairn and the biggest loser was Tata Motors.

Most active stock on the NSE was KS oils. The stock has been in limelight on the news item that declared that the company may be selling its division to lower its debt.

On the sectoral front on the Bombay Stock Exchange, Power, Metal, TecK, Oil & Gas and Information Technology were all positive at closing. The best performer was Information Technology at 0.81%.

And the worst performer was Auto and Health Care. Both the sectoral indices lost 0.61%.

ONGC and RIL from oil & gas space slipped 0.7-0.9%. In the financial space ICICI Bank and SBI fell 1.7% each.

HDFC, L&T, M&M, Bharti Airtel, Axis Bank and Hero Motocorp slid over 0.5%. Also, SAIL and Tata Power lost 2% each.

NTPC, ITC, PNB, Tata Steel, Maruti, Ambuja Cements, Reliance Communications and Reliance Infra gained 0.5-1%. Bajaj Auto, Kotak Mahindra Bank, DLF, Sesa Goa and ACC rose 2%.

4:06 p.m.

Markets slides on remembering European woes. Sensex loses 95 points

stock markets took a plunge on European troubles and fell to 4,917.15 by 29.65, reflecting a fall of 0.60%. The biggest loser among the Nifty stocks was Tata Motors with a loss of 5.98%. The second highest fall was reported by JP Associate with -2.46%.

On the BSE, the benchmark Sensex fell 95.81 points to 16,405.93, representing a change of 0.58%. The worst performing stock among the 30 stocks that represent the sensex was Tata Motors. The next worst performing stock was SBI (0.88%) followed by ICICI Bank (1.46%). The best performing stock was Bajaj Auto with gains of 1.52%.

Among the sectoral indices, Information Technology was still maintaing the lead but it was in the positive territory with only a 0.47% gain.

Other than that TECk and FMCG sectors were also positive. On the downside, Auto index and Bankex index were the worst performing sectors with losses of 1.29% and 1.03% respectively.

2:25 p.m.

Sensex up by 250 points. KS Oil the most active stock on the bourse

After falling nearly 360 points on Monday, the Sensex has gone up by 240 points or 1.46% on positive cues to 16,742. Meanwhile the NSE Nifty went up by 72.75 points or 1.47% to 5,019.55 levle.

All the sectors were in the positive. The best performing sectoral index is Information Technology which increased by 2.49% reflecting an increase of 119 points. On the other hand the worst performing sector was Auto which went up only 0.66%.

KS Oils was the most active stock on the NSE and its share price increased by 15.91%. The second most active stock in terms of quantity was Unitech. This was less than one-fourth of KS Oils.

Among largecaps, Jaiprakash Associates, Reliance Capital, Reliance Communications, Reliance Infrastructure, TCS, Cairn India, DLF, Sterlite Industries and Hindalco were top gainers.

NTPC increased over 1.5% on news that the company's advance tax for the period of July-September could be Rs 721 crore. However, HUL, ONGC, BPCL and Hero Motocorp witnessed profit booking.

In the midcap space, SpiceJet, IRB Infra, IVRCL, Sterlite Tech and NCC rallied 4-8% while KGN Industries, Shriram City, MVL, FDC and Pipavav fell 2-6%.

In the smallcap space, Tata Metaliks, Mahindra Forgings, ARSS Infra, TRF and Kalyani Invest were up 7-10% whereas Emami Paper, Prraneta Industries, Prabhav Industries and Shri Ganesh slipped 5%.

12:15 p.m.

Indices gain on positive global cues. Nifty above 5K

The Bombay stock exchange benchmark, Sensex, went up more than 150 point during the 15 min pre-open session of the market. Even the National Stock Exchange benchmark, Nifty, was up by 0.63% during the same period.

The Indian stock market smartly went up as the US equity market closed in the positive. There were reprorts that China could bail out Italy by buying its bonds. This resulted in positive sentiment in the overall movement of the stock markets.

Nifty is trading at 5,007 level, up 60.55 points or 1.22%. Meanwhile, Sensex is up by 208 point or 1.27% and it is currently trading at 16,710.

The best performing sector were Information Technology, TECk, metal, and Banking among the BSE indices. ADAG stocks, Reliance Communications, Reliance Power and Reliance Infrastructure moved up over 2% each.

Infosys, TCS, Jaiprakash Associates, ICICI Bank, Axis Bank, Sterlite Industries, Hindalco and Reliance Industries gained 1-2.5%.

However, BPCL and Sun Pharma were marginally in the red. The CNX Midcap gained 60 points at 7,295. About four shares gained for every share falling.

KS Oils shot up 13% on reports that the company sell some businesses. Everonn Education gained 4% and Motilal Oswal rallied 6%. However, GTL lost 4% and GTL Infra fell 1.5% on profit booking.

10.10 a.m.

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Read more about: bse, sensex, nifty, capital market
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