Market closes lower amid political nervousness
It was an extremely volatile session for the markets on the back of political unceratnityon Indo US nuke deal. There was extreme political nervousness after 1:00 pm which took markets in the red zone.
The Left has taken a hard stance. Central Committee describes Indo-US Nuke deal as 'unacceptable', Central Committee says Govt must not negotiate with IAEA for safeguards.
Sensex was down 84.68 points or 0.59% at 14163.98, and the Nifty down 38.20 points or 0.92% at 4114.95.
India’s third largest pharma company in terms of sales Cipla slumped 4% to Rs 168.50.Banking and financial shares came under selling pressure. State Bank of India (down 3.10% to Rs 1412.80, off the session’s high of Rs 1500), ICICI Bank (down 2.45% to Rs 826, off the session’s high of Rs 869), HDFC Bank (down 1.27% to Rs 1105, off day’s high of Rs 1159.70) ended in red.
Reliance Energy (down 2.60% to Rs 706) and ONGC (down 2.20% to Rs 791 were the other losers.
India’s top car maker Maruti Udyog advanced 2.39% to Rs 785.Cement stocks rose after Swiss cement major Holcim’s open offer to acquire an additional 20% stake in Ambuja Cement, India’s second largest cement producer by sales.ACC (up 2% to Rs 972), Ambuja Cement (up 1.15% to Rs 132), and Grasim Industries (up 0.85% to Rs 2749.95) ended higher.Switzerland's Holcim today said it had acquired a 3.9% additional stake in Ambuja Cements from the founding families at Rs 154 share, in a deal worth $220 million.
FMCG stocks ITC (up 2.27% to Rs 162) and Hindustan Unilever (up 1.43% to Rs 199) rose.
India's largest engineering and construction firm by sales Larsen & Toubro was up 0.89% to Rs 2405.50 after company won a repeat order for construction of two ships from Netherlands's RollDock BV (erstwhile Zadeko Shipmanagement CV) of The Netherlands valued at over $70 million.
Reliance Industries (RIL), the country’s top private sector entity by market capitalisation and oil refiner, slipped 1.73% to Rs 1737.80 on 9.92 lakh shares. It had moved in a range of Rs 1732.10– Rs 1809.95. As per reports, RIL will foray into solar power generation through pilot projects that will supply electricity to a few villages in Maharashtra. In the next 8-12 months, pilots will be launched in 38 villages in Maharashtra.
The Left has taken a hard stance. Central Committee describes Indo-US Nuke deal as 'unacceptable', Central Committee says Govt must not negotiate with IAEA for safeguards.
Sensex was down 84.68 points or 0.59% at 14163.98, and the Nifty down 38.20 points or 0.92% at 4114.95.
India’s third largest pharma company in terms of sales Cipla slumped 4% to Rs 168.50.Banking and financial shares came under selling pressure. State Bank of India (down 3.10% to Rs 1412.80, off the session’s high of Rs 1500), ICICI Bank (down 2.45% to Rs 826, off the session’s high of Rs 869), HDFC Bank (down 1.27% to Rs 1105, off day’s high of Rs 1159.70) ended in red.
Reliance Energy (down 2.60% to Rs 706) and ONGC (down 2.20% to Rs 791 were the other losers.
India’s top car maker Maruti Udyog advanced 2.39% to Rs 785.Cement stocks rose after Swiss cement major Holcim’s open offer to acquire an additional 20% stake in Ambuja Cement, India’s second largest cement producer by sales.ACC (up 2% to Rs 972), Ambuja Cement (up 1.15% to Rs 132), and Grasim Industries (up 0.85% to Rs 2749.95) ended higher.Switzerland's Holcim today said it had acquired a 3.9% additional stake in Ambuja Cements from the founding families at Rs 154 share, in a deal worth $220 million.
FMCG stocks ITC (up 2.27% to Rs 162) and Hindustan Unilever (up 1.43% to Rs 199) rose.
India's largest engineering and construction firm by sales Larsen & Toubro was up 0.89% to Rs 2405.50 after company won a repeat order for construction of two ships from Netherlands's RollDock BV (erstwhile Zadeko Shipmanagement CV) of The Netherlands valued at over $70 million.
Reliance Industries (RIL), the country’s top private sector entity by market capitalisation and oil refiner, slipped 1.73% to Rs 1737.80 on 9.92 lakh shares. It had moved in a range of Rs 1732.10– Rs 1809.95. As per reports, RIL will foray into solar power generation through pilot projects that will supply electricity to a few villages in Maharashtra. In the next 8-12 months, pilots will be launched in 38 villages in Maharashtra.
Labels: Nifty.Sensex
posted by SY at 5:26 PM
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