Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
03 March, 2015 08:39 IST
Nifty drops 1% to settle below 5,600
Source: IRIS | 16 Nov, 2012, 04.15PM
Comments  |  Post Comment

Indian markets plunged on Friday led by agressive selling in realty, banking and auto stocks in last one hour. Markets opened on a flat note and traded marginally higher for most part of the day. Global indices were also negative which aggravated the negative sentiment. Market breadth was highly negative and volumes were higher than last few trading days.

At the close, the benchmark 30-share index, BSE Sensex lost 162 points or 0.88% at 18,309.37 with 24 components registering drop. Meanwhile, the broad based NSE Nifty fell by 56.95 points or 1.01% at 5,574.05 with 46 components posting drop.

Rakesh Goyal, senior vice president, Bonanza Portfolio said, "In the coming week, market is likely to see further selling below 5550 level. Support may be seen from 5,500-5,445 levels and recovery is likely only above 5580 levels. Investors’ shall be looking for global cues and other post-reforms actions within the country for further market direction.''

Sensex Movers

ICICI Bank contributed fall of 38.08 points in the Sensex. It was followed by Housing Development Finance Corporation (24.01 points), Reliance Industries (19.4 points), Larsen & Toubro (16.95 points) and Hindustan Unilever (15.66 points).

However, Infosys contributed rise of 27.4 points in the Sensex. It was followed by Bharti Airtel (14.23 points), Oil & Natural Gas Corporation (5.23 points), Jaiprakash Associates (0.76 points) and NTPC (1.16 points).

Major gainers in the 30-share index were Bharti Airtel (3.47%), Infosys (2.08%), Dr Reddy's Laboratories (1.83%), Coal India (0.85%), Oil & Natural Gas Corporation (0.77%), and Jindal Steel & Power (0.62%).

On the other hand, ICICI Bank (2.65%), Tata Motors (2.64%), Cipla (2.33%), Hindustan Unilever (2.27%), State Bank Of India (2.13%), and Hindalco Industries (2.11%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6658.33 down by 59.77 points or by 0.89%. The major losers were A I A Engineering (2.67%), Alstom India (1.09%), CORE Education and Technologies (0.78%), Aban Offshore (0.58%) and A B G Shipyard (0.09%).

The BSE Smallcap index was at 7110.75 down by 81.24 points or by 1.13%.
The major losers were Reliance MediaWorks (3.86%), Adhunik Metaliks (3.39%), Trident (2.79%), Advanta India (1.7%) and Styrolution ABS (India) (0.77%).

Sectors in Limelight

The Realty index was at 1,889.23, down by 65.59 points or by 3.36%. The major losers were D B Realty (6.03%), Indiabulls Real Estate (5.16%), Anant Raj Industries (4.04%), D L F (2.63%) and Godrej Properties (0.06%).

The Bankex index was at 13,020.82, down by 212.62 points or by 1.61%. The major losers were Bank Of Baroda(2.1%), Bank Of India (1.78%), Federal Bank (1.18%), Canara Bank (0.85%) and H D F C Bank (0.52%).

On the other hand, the TECk index was at 3,359.80, up by 15.45 points or by 0.46%. The major gainers were Bharti Airtel (3.47%), Infosys (2.08%) and Idea Cellular (0.11%).

Market Breadth

Market breadth was negative with 1,139 advances against 1,775 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 1,908.05 million. It was followed by Tata Coffee (Rs. 1,762.15 million), L&T Finance Holdings (Rs. 887.19 million) and Housing Development and Infrastructure (Rs. 315.05 million).

The volume chart was led by L&T Finance Holdings with trades of over 10.62 million shares. It was followed by TV18 Broadcast (8.47 million), Unitech (4.46 million) and Reliance Communications (3.28 million).

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
Mahindra reports 35% fall in February tractor sales - 02-Mar-2015 19:08
M&M auto sector sales fall 10% in February - 02-Mar-2015 18:40
Budget focus been on social purpose: BR Patidar - 02-Mar-2015 17:19
Hero Motocorp sales fall 3.9% in February' 15 - 02-Mar-2015 17:09
Gayatri's Power plant commences first phase of commercial operation - 02-Mar-2015 16:59
Jubilant Life Sciences gets ANDA nod for Montelukast - 02-Mar-2015 16:16
TVS Motor February sales grow 15% - 02-Mar-2015 16:02
SSWL sales up 5.3% in February - 02-Mar-2015 15:39
L&T Construction commissions India's first 765kV gas insulated substation - 02-Mar-2015 15:14
TCS in strategic partnership with iRise - 02-Mar-2015 15:00
Escorts Agri Machinery sells 3,444 tractor in February 2015 - 02-Mar-2015 13:04
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer