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Sensex Slumps In Last Half Hour Of Trade; ONGC Leads Losers


Benchmark indices gained fell in the last half of trade after trading with solid gains for most of the session even Asian markets led by China showed a solid rebound on reports that there could be a fresh stimulus from Chinese authorities.


Sensex Slumps In Last Half Hour Of Trade; ONGC Leads Losers
The Sensex ended the day with losses of 139 points, while the Nifty closed lower by 39 points. Leading the set of gainers from the Nifty were HDFC, Bharat Heavy Electricals, Hero Motor Corp and State Bank of India.

Check Sensex and Nifty gainers

Shares in Divis Labs surged after the company reported a superb growth in net profits. Tata Motors saw some selling pressure after its quarterly results lagged estimates.

Top Sensex losers in trade were Sun Pharma, Mahindra and Mahindra and ONGC. Mukta Arts was locked at the upper end of the circuit filter after reports of a possible stake by Foxconn in the company.

Shares in Wockhardt rallied after its results beat market expectations. Nestle fell after fresh worries over the Maggi ban and no clean chit for the Maggi product from authorities.

Mid cap stocks also saw some buying interest with SUN TV, GSPL and Britannia seeing huge gains in trade.

Meanwhile, markets across Asia ended the day mostly with gains led by the Chinese Shanghai Composite and the Japanese Nikkei. European markets were little changed over Friday's levels.

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