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Market closes with moderate losses


Market closes with moderate losses
Mumbai, Jan 10: The Nifty ended with moderate losses for fifth consecutive session. In five days the Nifty shed 395 points while Sensex dipped 1340 marks.

The market dragged down by sectors like capital goods, oil & gas, financial, metal and realty. The sell-off by foreign investors and further shorts build up dragged the markets down on Monday, Jan 10.


At 6:30 pm, BSE Sensex was at 19224.12 down 467.69 points and Nifty was at 5762.85 down 141.75.

Top gainers were Company ACC up 1.38 percent, Infosys up 0.74 percent and Bharathi Airtel up 0.18 percent.

Top lossers were HDFC Bank down 5.16 percent, Kotak Mahindra down 5.12 percent, Hindalco down 4.80 percent and BHEL down 4.72 percent.

Sensex continues trading below 20k

At 2:14 pm, the Nifty plunged 103 points to 5,801 and the Sensex was trading at 19,357, with fall of 335 points from Friday's closing value. Broader indices were following the same trend; the BSE Midcap index was down 1.7 percent and Smallcap down 2 percent.

HDFC Bank, HDFC, L&T, BHEL, ICICI Bank, Hero Honda and GAIL tanked, who among largecaps, tanked 3.5-4.8 percent.

NTPC, TCS, Wipro and SBI slipped 1-2.3 percent.

However, buying in Infosys, Bharti Airtel, Tata Motors, ACC and Ambuja Cements were only gainers. Even traders as well as investors were buying at lower levels, which was quite supportive.
3:00 PM

Markets lose more power; Wipro, TCS dip

Following the sell-off in the shares of the companies like capital goods, auto, metal (barring Sterlite), private financial and healthcare, market loss power again amid volatility.

At 12:05 pm, the 30-share BSE Sensex was trading at 19,472, with loss of 219 points and the 50-share NSE Nifty tanked 68 points to 5,836. Even the BSE Midcap and Smallcap indices were down 0.7 percent each. About 347 shares advanced as against 907 shares declined on National Stock Exchange.


ONGC, Wipro, TCS, ITC and Reliance Industries were winessing selling pressure.

However, Sterlite, SBI, Bharti, Infosys, PNB, HUL, Power Grid, Reliance Infrastructure, Tata Power, Bajaj Auto and ACC, which capped losses to some extent, were on buyers' radar.
12:30 PM

Nifty begins on a flat note; HDFC, wipro dip

Market on Monday, Jan 10 began on a negative note as NSE Nifty started the session on a flat note.

At 9:39 am, the 30-share BSE Sensex was trading at 19,525, down 166 points and the 50-share NSE Nifty fell 54 points to 5,850. Broader indices declined 0.5 percent each.

HDFC, HDFC Bank, Kotak Mahindra Bank, Wipro, Hero Honda, Ambuja Cements, L&T, Wipro, HUL, Hindalco, Tata Steel, ITC and Jindal Steel & Power, who among the frontliners, were witnessing selling pressure.

However, Infosys was up 0.8 percent ahead of its results for the quarter ended Dec 2010.
10:15 AM

OneIndia News

Story first published: Monday, January 10, 2011, 10:19 [IST]
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