Monday, 2 March 2015

Sensex slips, Nifty flat

The benchmark indices have trimmed gains on the back of fresh round of selling in auto, FMCG, realty and metal shares. 

At 11:37 AM, the S&P BSE Sensex is trading at 29,368 down 6 points, while NSE Nifty is trading at 8,917 up 15 points.

 The BSE Mid-cap Index is trading up 0.25% at 10,838, whereas BSE Small-cap Index is trading up 0.25% at 11,294. Some buying activity is seen in Banking, capital goods and power sectors, while auto, fmcg and consumer durable are showing weakness on BSE.

 Indian Oil Corporation, BPCL, Axis Bank, Ultratech Cement, HPCL and L&T are among the gainers, whereas GMR Infra, Unitech, JSPL, ITC and Bajaj Auto are losing sheen on BSE.

 Among sectoral indices - the CNX FMCG index is the top loser - down 2.4 per cent.

 The CNX Realty index has slipped nearly 2per cent. The CNX Auto and the CNX Metal indices have dropped a per cent.

 On the other hand, the Bank Nifty is the top gainer - up 1.3 per cent.

 The CNX Pharma index has added 0.8 per cent, while the CNX Energy index is trading on a flat note. In the auto space, Bajaj Auto is the top loser - down 3.3 per cent at Rs. 2,083 after the company reported 22 per cent decline in monthly sales on year-on-year basis. 

Tata Motors and Hero MotoCorp have dropped nearly 2 per cent each at Rs. 582 and Rs. 2,635. Mahindra & Mahindra, Amar Raja Batteries and MRF are some of the significant losers.

 On the other hand, Ashok Leyland has jumped over 2 per cent at Rs. 71.30. Motherson Sumi Systems has spurted almost 2 per cent at Rs. 461.

 Eichor Motors and Maruti Suzuki have added 1.2 per cent on strong February sales. On the NSE, so far, 42 stocks have hit 52-week high. ACC, Ahluwalia Contracts, Ajanta Pharma, Ambuja Cements, Ashoka Buildcon, Ashok Leyland, Century First and ING Vysya Bank are among the prominent gainers.

 Whereas, 18 stocks are their 52-week lows. Birla Power Solutions, Educomp Solutions, Ess Dee Aluminium, Rasoya Proteins and Tilaknagar Industries are the losers. 

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