Market closes with substantial losses; Nifty dips 111 points

Business

oi-Religare

By Nairita Das

Published: Thursday, January 13, 2011, 18:02 [IST]

Mumbai, Jan 13: The selling pressures on Infrastructure companies' shares along with heavyweight Reliance Industries have dragged the Nifty to close at a four-month low. The benchmark Nifty dipped by 111.35 points and held 5751.90 level.

At 5:20 pm, BSE Sensex was 19182.82 down 351.20 points and benchmark Nifty was 5751.90 down 11.35 points
5:20PM

Nifty continues to fall; dips 5%

The gains made by the Nifty in last sessions was erased during the afternoon trade. The benchmark Nifty dipped nearly 5 percent.

The gainers were Healthcare, FMCG, capital goods, power, select auto and metal companies' shares were other losers in trade. However, ONGC, Tata Motors, DLF, Ambuja Cements, ACC, Sterlite, Cairn and Bajaj Auto

At 3:00 pm, BSE Sensex was 19154.57 down 379.53 points and benchmark Nifty was 5756.40 down 106.85 points.
3:00PM

Infy Q3 results dip, Sensex drops 0.2 pc

Following the lower than expected quarterly earnings from Infosys Technologies, BSE Sensex dropped 0.2 percent in the afternoon trade on Thursday, Jan 13.

At 11:45 pm, the 30-share BSE index was down 0.18 percent at 19,499.12 points, with 20 components declining.

The 50-share NSE index was down 0.3 percent at 5,847,60.

Ambuja Cements, Reliance Comm, Tata Motors and ACC, who among the top gainers during afternoon session, were 3.77 percent, 2.42 percent, 1.72 percent, 1.42 percent up respectively.

Infosys, PNB, SBI and SAIL, who among top losers during afternoon session, 4.21 percent, 2.26 percent, 2.01 percent, 1.98 percent down respectively.
12:40 PM

Markets retreat in opening trade; Infy, TCS dip

Following low profit booking and low trading in IT bellwether like Infosys, markets retreated in the opening trade on Thursday, Jan 13.

At 10:01 am, the 50-share NSE Nifty declined 20 points to 5,843 and the 30-share BSE Sensex fell 79 points to 19,454.

Shares of Infosys dipped 3 percent while TCS, HCL Tech and Wipro fell 1.5-2.4 percent down.

However, Kotak Mahindra Bank, Cairn, GAIL, Reliance Industries, SAIL and Bajaj Auto were on buyers' radar.
10:35 AM

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