Monday, 27 April 2015

Sensex, Nifty slip further

The CNX Midcap index has slumped 1.7 percent at 12,441, and the Smallcap index has shed 2.7 percent at 5,380.

The market continue to trade with a negative zone on the back of weakness in energy, FMCG and state-owned banking shares.

The Sensex is down 255 points at 27,183, and the Nifty has shed 75 points at 8,231.

The broader market have extended losses. The CNX Midcap index has slumped 1.7 percent at 12,441, and the Smallcap index has shed 2.7 percent at 5,380.

The breadth continues to remain fairly bearish - out of 1,721 stocks traded on the NSE, 1,247 have declined and 252 have advanced.

BPCL has plunged 5 percent to Rs. 742. Cairn India has tumbled nearly 4 percent at Rs. 210.

Dr.Reddy's and HDFC have shed 3.5 percent each at Rs. 3,361 and Rs. 1,202, respectively.

Kotak Bank and Asian Paints have declined around 3 percent each to Rs. 1,326 and Rs. 750, respectively.

ACC, BHEL, ONGC, SBI and Hindustan Unilever are down over 2 percent each.

Maruti has firmed up in late noon deals on the back of strong Q4 performance. The company's Q4 net profit on a standalone basis rose by 60.5 percent to Rs. 1,284 crore when compared with Rs. 800 crore in Q4FY14. Total income was up 11.5 percent at Rs. 13,945 crore from Rs. 12,508 crore.

Idea Cellular, Sesa Sterlite and Wipro have rallied over 2 percent each to Rs. 188, Rs. 210 and Rs. 534, respectively.

Axis Bank, Punjab National Bank and Zee Entertainment are the other major gainers. 

No comments:

Post a Comment