Sensex remains choppy amid weak global cues Analysis for Jun 25, 2013

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The 30-share bellwether index of the Bombay Stock Exchange, Sensex remained choppy after a positive opening in the early morning trade. The Sensex slipped in the negative terrain amid profit booking and weak cues from the Asian peers. At 10:20AM, BSE SENSEX was at 18534.83, down by 6.06 points, or by 0.03 per cent, while the NSE Nifty was at 5593.35, up by 3.1 points, or by 0.06 per cent.

The selling pressure was soaring primarily in the heavyweights, such as Tata Motors, Maruti Suzuki, Bajaj Auto, ICICI Bank, State Bank of India and Wipro. However, ONGC, Hindalco, Bharti Airtel, HDFC Bank and GAIL supported the bourses.

The BSE Sensex touched an intraday high of 18630.25 and an intraday low of 18487.3, while the NSE Nifty touched an intraday high of 5616.9 and an intraday low of 5570.25.The BSE MIDCAP was at 5824.65, down by 58.54 points or by 1 per cent, while the BSE SMLCAP was at 5572, down by 21.63 points or by 0.39 per cent.

The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 305.20,+2.12%), Hindalco Industries Ltd. (Rs. 96.05,+1.96%), Bharti Airtel Ltd. (Rs. 288.00,+1.73%), Coal India Ltd. (Rs. 301.50,+1.43%), Mahindra & Mahindra Ltd. (Rs. 939.20,+1.33%), among others.

Among the sectors, consumer durables and auto index saw the maximum fall and shed 1.19 and 1.1 per cent respectively.The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 1419 shares traded, 518 shares advanced, 779 shares declined while 122 remained unchanged.

On the global front, almost all stock indices were trading in negative terrain amid the liquidity concerns in China. Japan"s Nikkei 225 was down over 240 points while Shanghai Composite and Hang Seng were down over 74 points and 280 points respectively.

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Story first published: Tuesday, June 25, 2013, 10:48 [IST]
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