Sensex sheds 175 points at close

The markets were trading weak throughout the day but selling pressure increased during the last half an hour of trade. After three consecutive days of positive close, the Sensex closed with a loss of 175 points and the Nifty was down by 56 points.

The Sensex closed at 9,822.52, down 175 points. The Nifty closed at 2,861, down 56 points.

But the BSE Midcap and the BSE Small Cap closed in the positive terrain.

The BSE Small Cap Index closed at 5,113.66, up 104.19 points.

The BSE Midcap Index ended at 4,211.69, up 28.05 points.

The market breadth was positive, about 1469 shares have advanced, 856 shares declined, and 60 shares are unchanged. The major losers on the indices were HDFC, L&T, HDFC Bank, Bajaj Auto, PNB, SAIL and BHEL.

Markets today:

Market fails to hold on to early gains
Sensex down 1.75% or 175 poinst at 9822.52
Nifty down 1.9% or 55.6 poinst at 2861.30
All BSE sectoral indices end in the red
BSE Cap Goods Index down 2.38%; L&T down 5%, BHEL down 3.7%
BSE Bank Index down 2.36%; HDFC bank down 3.74%, SBI, ICICI bank down oevr 2%
CNX Mid Cap Index ends marginally down; CESC up 12.3%, Bajaj Hind down 6.25%
BSE Small Cap Index outperforms major indices; up 2.08% at 5113.66
Aptech up 20%, TTK Prestige up 18.2%, Bombay Rayon up 15.7%
New Listing: Prime Focus end at 326.15 Vs Issue Price of 417
NSE Advance Decline ratio at 3:2
Total Market Wide Turnover at Rs 32526.64 cr Vs Rs 27988.36 cr a day ago

The BSE Capital Goods Index dropped 2.38% at 6484.73. L&T, Gammon India, BHEL, Alstom Projects and Crompton Greave closed low.

The Bankex fell 2.36% at 4266.4. PNB, IOB, HDFC Bank, UTI Bank and SBI witnessed selling pressure.

The BSE Auto Index tumbled 1.75% at 4496.35. Bharat Forge, M&M, Bajaj Auto, Sundram and Exide Industries sank.

The BSE IT Index was down 1.74% at 3408.75. Mphasis BFL, TCS, Wipro, Satyam and Infosys closed in negative terrain.

The BSE FMCG Index lost 1.48% at 1792.91. Dabur India, Nestle, HLL, Colgate and ITC moved down.

The BSE Metal Index was down 1.33% at 7602.86. JindalStainless, SAIL, Sesa Goa, Jindal Steel and Hindalco plummet.

The BSE Oil and Gas Index was down by 0.66% at 4748.02. GAIL, HPCL, Reliance and BPCL plunged.

The BSE Health Care Index slipped 0.55% at 3073.44. Wyeth, Matrix Lab, Cipla, Sun Pharma and Nicholas Piramal closed in the red.

The BSE Consumer Durables Index was down by 0.13% at 2701.58. Whirlpool, Titan Industries, Samtel Color and BPL slipped.

The NSE cash turnover was at Rs 6320.26 crore and the NSE F&O turnover was at Rs 23011.22 crore. The BSE cash turnover was Rs 3195.16 crore. Total market wide turnover was at Rs 32526.64 crore versus Rs 27988.36 on Monday.

F&O UPDATE

Turnover at Rs 23011.22 cr
Nifty Futures at a 46 pt discount
Nifty Futures adds 20 lakh shares in OI
Top Traded:Sterlite Ind, IPCL, Hindalco, Guj Ambuja, Reliance Capital, RIL
Guj Amb adds 6 lakh shares in OI
Hindalco sheds 28 lakh shares in OI
MTNL sheds 3 lakh shares in OI
RIL adds 6 lakh shares in OI
IPCL,Reliance Capital,HLL adds 3 lakh shares in OI
SBI sheds 2 lakh shares in OI

Sensex @ 1445 hrs

The markets continue to remain subdued due to lack of buying interest.

At 2:45 the BSE Sensex was trading at 9,835 down 162 points and the Nifty was trading at 2865 down 51 points.

About 1393 shares have advanced, 872 shares declined, and 70 shares are unchanged.

The major losers on the indices were Bajaj Auto, HDFC, Satyam, HLL, PNB and Bharti Airtel. Reliance Comm, Ranbaxy Labs, Dr Reddys Labs, Hindalco were among the top gainers.

Index heavyweight Hindustan Lever was trading at Rs 214.30 down 3.36%, Reliance was trading at Rs 924.55 down 0.92%, Infosys was trading at Rs 2,840.00 down 1.09% and ITC was trading at Rs 162.25 down 1.16%.

Sensex @ 1338 hrs

The markets continue to trade at the lower levels on account of the sustained selling pressure.

At 1:38 pm, the Sensex was trading at 9793 down 204 points. The Nifty was trading at 2849 with a loss of 68 points.

About 1272 shares have advanced, 925 shares declined, and 57 shares are unchanged. All the BSE sectoral indices are in red. The major laggards are banking, IT and auto stocks.

The major losers on the indices were HLL, Bajaj Auto, Satyam, HDFC, PNB and Bharti Airtel.
Reliance Comm, Ranbaxy Labs, Dr Reddys Labs, Hindalco were among the top gainers.

Heavyweight Hindustan Lever was trading at Rs 211.95 down 4.42%, Reliance was trading at Rs 923.00 down 1.09%, Infosys was trading at Rs 2,828.00 down 1.51% and ITC was trading at Rs 162.10 down 1.25%.

Sensex @ 1238 hrs

The markets are trading weak mirroring the global trend. At 12:38 the Sensex was trading at 9,818 down 179 points and the Nifty was trading at 2,858 down 59 points.

Asian markets are trading weak and some of the European indices have also opened in red.

However, the market breadth is positive, about 1373 shares have advanced, 683 shares declined, and 55 shares are unchanged.
All the BSE sectoral indices are in red. The major laggards are banking, IT and auto stocks.

The major losers on the indices were HDFC, Satyam, HDFC Bank, Bajaj Auto, Bharti Airtel, Jet Airways and PNB.

Heavyweights like Hindustan Lever was trading at Rs 214.00 down 3.49%, Reliance was trading at Rs 928.80 down 0.47% and ITC was trading at Rs 163.25 down 0.55%.

Sensex @ 1145 hrs

The markets are still trading in the red but are off their day's low. At 11:45 the Sensex was trading at 9,900 down 97 points and the Nifty was trading at 2,878 down 38 points.

The global cues are weak, Asian markets are trading low and the Dow closed 72 points down.

About 1213 shares have advanced, 699 shares declined, and 53 shares are unchanged.

The major losers on the indices were HDFC down 3.29%, Satyam down 3.23%, HLL down 3.09%, HDFC Bank down 2.9% and Jet Airways down 3.8%.

The major gainers were Reliance Comm, Dr Reddys Labs, Ranbaxy Labs, SBI, Reliance Energy and Tata Power.

Index heavyweight Hindustan Lever was trading at Rs 214.50 down 3.27% from its previous close of Rs 221.75.

Sensex @1101 hrs

The markets are trading in the negative terrain on account of selling seen in scrips across sectors.

At 11:01 am, the Sensex was down 166 points to trade at 9832. The NIfty was trading at 2860 down 57 points.

The market breadth is negative, about 610 shares have advanced, 877 shares declined, and 51 shares are unchanged.

The major losers on the indices were Tata Steel, Bharti Airtel, HDFC, Reliance Comm, HLL and HDFC Bank.

Dr Reddy's is the only gainer on the Nifty.

All the BSE sectoral indices are in red. Selling pressure is witnessed by the metal stocks followed by IT and banking.

Hindustan Lever was trading at Rs 213.00 down 3.95% from its previous close of Rs 221.75.

Index heavyweight Reliance was trading at Rs 925.25 down 0.85% from its previous close of Rs 933.15.

Infosys was trading at Rs 2,821.95 down 1.72% from its previous close of Rs 2,871.40.

ITC was trading at Rs 161.50 down 1.61% from its previous close of Rs 164.15.

HPCL was trading at Rs 252.25 down 2.08% from its previous close of Rs 257.60.

Sensex @ 1025

After three days of gains the markets opened weak taking cues from the weak Asian markets.

At 10:25, the BSE Sensex was down 220 points at 9777. The Nifty was down 67 points at 2850.

Nikkei is down 0.6%, Straits Times down nearly 2%, Taiwan is down 2.5%, Kospi is down more than 2% and Hang Seng down 1%.

Brazil was down 1.5%, Chile about 1%, Mexico about 2.5%; so slightly soft out in most of the other emerging markets as well.

On the corporate front:

Jet-Air Sahara deal might be off - ET, HT
Jet-Sahara officials meeting in London to call off merger or extend deadline: BS
Jet Airways says deal with Sahara is on - TOI
NSE notice: Ambuja Cement India acquires 2% stake in ACC between May 31-June 14; ups stake to 35.23%
New listing: Prime Focus
Siemens moves out of 'No Delivery' period today
Ex-dividend: Asian Hotels (Rs 8), Century Textiles (Rs 3)
Geomtric Software signs software services pact with IBM
Simplex Infrastructures bags Rs 251.8 cr orders from Govt of Jharkhand
Adlabs Films submits bid for setting up 3 studios at Film City in Mumbai
Bluplast Industries withdraws IPO; Vigneshwara Exports IPO subscribed 89% (despite revising price band from Rs 121-140 to Rs 110-124; QIB subscribed 0.004 times, Retail 0.17 times and employees 0.27 times; Only corporates have bought)
German firms wins Rs 133 cr damages against JSW Steel - TOI
Bhagyanagar Metals board approved $40 m ADG/GDR/FCCB issue
ONGC Mittal bags 2 oil blocks on Nigeria - ET
Airlines slash rates for monsoon, SpiceJet announces soaps, Air Deccan to decide soon - ET
Apollo Hospitals eyes acquisition in South-East Asia - ET
BNP Paribas to pick up 25% in GV Films for Rs 100 cr- FE (CMP Rs 0.80)
Chowgule Steamship to develop a minor port, Mercator Lines too likely to develop 2 minor ports - BS
Khaitan Electricals to invest Rs 100 cr this year to up ancillary investment - BS
SAIL mulls JV with Jaiprakash Associates for cement plant in Bhilai - BL
FIIs net sell Rs 454 cr in F&O on June 19
FIIs net sell Rs 373 cr in Nifty Futures on June 19