Markets turn volatile; realty, banks in pain
The markets turned extrmely volatile after firm opening and gained almost all of its gains on the bck of huge selling pressure seen in realty, banking, pharma, auto and consumer durable sectors. Nifty was trading below 200 daily moving average.
Mkts gave up its gains sharply on the heavy unwinding across the board and all the key BSE indices fell down in red except FMCG index. Market breadth also collapsed at rapid pace.
Rupee was trading at 40.99 against US dollar and Nifty future was trading at 18 points discount at 4056.At 11.32 am, the Sensex is up 22.15 points or 0.16% at 14011.26, and the Nifty up 32.50 points or 0.80% at 4107.40.
Top gainers on the Sensex are ITC at Rs 156.20 up 2.63%, BHEL at Rs 1,611 up 1.30% and Reliance at Rs 1,762 up 0.84%. Top losers on the Sensex are Cipla at Rs 170 down 4.06%, Wipro at Rs 437.40 down 2.1% and Satyam at Rs 409.80 down 1.6%.
Mkts gave up its gains sharply on the heavy unwinding across the board and all the key BSE indices fell down in red except FMCG index. Market breadth also collapsed at rapid pace.
Rupee was trading at 40.99 against US dollar and Nifty future was trading at 18 points discount at 4056.At 11.32 am, the Sensex is up 22.15 points or 0.16% at 14011.26, and the Nifty up 32.50 points or 0.80% at 4107.40.
Top gainers on the Sensex are ITC at Rs 156.20 up 2.63%, BHEL at Rs 1,611 up 1.30% and Reliance at Rs 1,762 up 0.84%. Top losers on the Sensex are Cipla at Rs 170 down 4.06%, Wipro at Rs 437.40 down 2.1% and Satyam at Rs 409.80 down 1.6%.
Labels: Nifty.Sensex
posted by SY at 11:03 AM
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