Global cues keep Nifty below 5500

Business

oi-Religare

By Nairita Das

Published: Tuesday, February 22, 2011, 16:20 [IST]

Mumbai, Feb 22: The 30-share BSE Sensex closed at 18,296, down 142 points and the 50-share NSE Nifty fell 49 points to 5,469.

Cairn India, Reliance, Reliance Comm and Sterlite Ind, who among the top gainers, were at 3.54 percent, 2.98 percent, 1.55 percent and 1.14 percent up respectively.

Suzlon Energy, Hero Honda, Ranbaxy Labs and BPCL, who among the top losers, were at 3.48 percent, 3.36 percent, 3.32 percent and 3.27 percent down respectively.
4:23 PM

Sensex still struggles below 19K

At 2:15 pm, the 30-share BSE Sensex fell 125 points to 18,313 and the 50-share NSE Nifty lost 43 points to 5,476. The broader indices too lost over 0.5 percent.

Followed by ONGC, Financial, metal, auto, capital goods, power and realty companies' shares were dragging the markets lower during the afternoon trading.

However, rise in Reliance Industries, Cairn, Sterlite and ACC limited the losses to major extent. Anil Dhirubhai Ambani group companies' shares too were on buyers' radar.
2:50 PM

Markets continue trading amind volatility; RIL soars

At 12:00 pm, the 30-share BSE Sensex was trading at 18,447, up 9 points and the 50-share NSE Nifty was at 5,516, down 2 points.

Reliance Industries was the biggest gainer with 4.5% rally post the deal between the company and world's oil major BP.

SBI, HDFC Bank, Axis Bank and ICICI Bank from financial space declined 1.5-2 percent. BHEL and L&T from capital goods space lost 2 percent each.

Heavyweights ONGC and Bharti were down 1.6 percent and 1.3 percent respectively. Tata Motors, M&M, Hero Honda and Maruti from auto pack tumbled 2-3 percent.
12:56 PM

Libya row hits markets; Nifty below 5500

Libya uprising and Middle-East row left its red mark on the markets on Tuesday, Feb 22.Following the weak Asian cues, NSE Nifty retreated in the opening trade.

At 9:54 pm, the 30-share BSE Sensex was trading at 18,301, down 136 points and the 50-share NSE Nifty fell 47 points to 5,472.

Only two stocks out of Nifty 50 were on buyers' radar. Auto, financial, infrastructure, telecom, metal and technology companies' shares were on sellers' radar.

After the deal with British Petroleum (BP), heavyweight Reliance Industries Limited (RIL) shot up 4 percent.

However, M&M, Tata Motors, Maruti, Jaiprakash Associates, ICICI Bank, Kotak Mahindra Bank, L&T, SAIL, BHEL, Reliance Infrastructure and TCS, who among the frontliners, were at seller radar.
10:15 AM

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